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30 Mar 2024 0:38
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  •   Home > News > Business

    A strong housing market has helped boost the profit of New Zealand's largest bank

    A strong housing market has helped boost the profit of New Zealand's largest bank


    ANZ New Zealand has recorded an 18-percent rise in its half-year profit, to almost 1.1 billion dollars.

    Its operating income rose six-percent to more than 2.1 billion dollars.

    Its cash profit was up just one-percent to 968 million dollars.

    Chief executive Antonia Watson says the solid result reflects ongoing strength in the housing market, despite recent headwinds from factors including rising interest rates.

    © 2024 Newstalk ZB, NZCity

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    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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