News

Bank competition heating up

Thursday 6th of October 2011

AUT Professor Ming-Hua Liu showed that, contrary to popular opinion, New Zealand's banking scene is competitive.

Profit margins have been trending down for 20 years, he said, while banks' average return on assets is under 1% and dropped to zero during the financial crisis in 2009.

"What other type business would accept a return on assets of less than 1%?" he said.

To make u...

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