TMM - News

Bank profits plummet ... to $4.4 billion

Wednesday 24th of February 2021

The advisory firm's latest Financial Institutions Performance Survey, which profiles NZ's 20 biggest banks, reveals post-tax profits fell by $1.58 billion in 2020 compared with the previous year. 

Net profit after tax still came in at $4.14 billion, but earnings were hit by impaired asset expenses, which rose by 275%. Operating expenses jumped by 9%. 

KPMG said...

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