Run of record bank profits may be over: KPMG
New report shows profitability levelled off in the December quarter, with a rise in provisions for bad debts.
KPMG head John Kensington speaks with Jonathan Mitchell.
The sun might be setting on record bank profits, with KPMG’s latest pulse showing a levelling off in the December quarter.
Its Financial Institutions Performance Survey concluded it was a solid 2022 for the sector, with net profit of $1.77 billion in the final three months of the year, unchanged
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