A record year for New Zealand banks
A record year for New Zealand banks
13 February 2019
Profits surged more than 11 percent in 2018, to 5.77 billion dollars.
John Kensington from KPMG says this year may pan out differently.
He says recent conduct and culture reviews on both sides of the Tasman could see banks lend less, leading to a pull back or stabilisation in profit.
© 2024 Newstalk ZB, NZCity