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29 Mar 2024 9:32
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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.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Ardie Savea insists an elevation to All Blacks captain is the last thing on his mind as he continues his season in Japan More...


    BUSINESS BUSINESS
    Innovative New Zealand apple producing company Rockit is focussing on its international expansion More...



     Today's News

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