The lender expects profit to be at the top end of its $46-48m range in the 12 months ending June 30.
“The ink is barely dry on settlements and the banks are at it again,” a campaigner says of new derivatives.
"This is, in effect, a new tax, a tax on the banks' source of funding"
Quarterly profit hit by increase in bad debts.
The shares Quadrant sold were issued at a nominal 90c each.
The latest numbers from Seek show the banking and finance industry has exploded in popularity.
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