BNZ lifts annual net profit 9.8% as margins fatten
BNZ plans to halve its products over the next five years.
Jenny Ruth
Thu, 01 Nov 2018
Bank of New Zealand lifted annual net profit 9.8% as strong lending and revenue growth, including higher gains on financial instruments, partially offset a 12.1% increase in operating expenses.
The bank’s profit margin also grew nine basis points over the year.
BNZ chief executive Angie
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Jenny Ruth
Thu, 01 Nov 2018
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