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29 Nov 2020 9:31
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  •   Home > News > Business

    A big hit for the country's biggest bank

    A big hit for the country's biggest bank


    ANZ New Zealand's cash profit has slumped 29 percent - to 1.371 billion dollars in the year to September.

    The decrease was primarily driven by increased credit impairment charges, because of Covid-19.

    The Herald's Tamsyn Parker says banks are holding on to some cash, in case of further losses early next year.

    She says the mortgage deferral scheme ends next March -- so what happens after that is up in the air.

    © 2020 Newstalk ZB, NZCity


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    A body has been located in the search for a missing Auckland businesswoman More...



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