BNZ not ready to call victory for dairy
Bank of New Zealand's loans to dairy farmers chalked up an $823 million deterioration in impairments in the year ended September.
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Bank of New Zealand isn’t ready to call victory for the dairy sector just yet, despite the improving outlook.
On Thursday, the bank reported a 12% drop to $913 million in net profit for the year ended September, largely because of a 67% drop in gains on financial instruments as the New Zealand
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Jenny Ruth
Fri, 28 Oct 2016
Fri, 28 Oct 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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BNZ not ready to call victory for dairy
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