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News round-up

Monday 22nd of June 2009

ING business book loss
After a nearly 30% drop in funds management revenue, ING New Zealand made a $12.44 million loss in 2008, down from $8.85 million in profit a year earlier.

Funds management revenue dropped from $53.4 million to $37.6 million in 2007.

ING was cautiously optimistic that markets and profits would bounce back. KiwiSaver inflows were also he...

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