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Old Mortgage News

TSB's profit surges, mortgage book grows

Tuesday 2nd of March 2010

TSB's December quarter general disclosure statement shows net profit in the three months rose 33.2% to $12.3 million, taking its nine-month profit to $41.6 million, up 23.6% on the same nine months a year earlier.

The quarterly increase was despite charges against profit for bad loans jumping to $1.26 million for the three months compared with just $110,000 in the previous December quart...

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