BNZ profit boosted by revenue; challenges outlined
More than half of BNZ’s mortgage customers have already switched to higher interest rates.
BNZ chief executive Dan Huggins speaks with Jonathan Mitchell.
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Bank of New Zealand has boosted its half-year profit because of increased revenue, partly offset by higher operating expenses and credit impairment charges.
Its net profit in the six months ended March 31 rose 13.5%, or $96 million, to $805m.
Chief executive Dan Huggins said a strong banking sector
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