BNZ explains the big jump in its charges for bad debts
BNZ says it has changed the way it accounts for bad debts.
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The National Australia Bank-owned Bank of New Zealand says it’s taking a more proactive stance on accounting for bad debts.
BNZ’s net profit for the year ended September jumped 22% to $1.04 billion but the cash earnings from New Zealand banking operations rose just 2%, reflecting the impact of
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Jenny Ruth
Thu, 29 Oct 2015
Thu, 29 Oct 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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BNZ explains the big jump in its charges for bad debts
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