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23 Feb 2020 20:46
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  •   Home > News > Politics

    Kiwibank's profit has fallen, with lower fees hitting the state-owned bank's income

    Kiwibank's profit has fallen, with lower fees hitting the state-owned bank's income


    It has reported a net after tax profit of 108 million dollars for the year to June 30.

    That's six percent down on the previous year's 115 million.

    It's income is down over 24 percent, but lending and deposits have hit a record.

    Lending's up 12 percent to 20 billion dollars - and deposits are up 13 percent to 18 billion.

    © 2020 Newstalk ZB, NZCity


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     23 Feb: There needs to be a clear direction in the government's upcoming vaping regulation
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     22 Feb: A desire for Christchurch's post-earthquake vision to be fully realised in the coming 12 months
     21 Feb: A lobby group says changes to the Tenancy act are great news for renters - it need some tweaking
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