Kiwibank profits up, but tips property market fall
The state-owned bank is forecasting a ‘period of consolidation’ in housing.
Kiwibank has reported a 16% lift in net profit after tax to $64 million for the six months to December on the back of continued growth in home lending.
The state-owned bank’s growth in total lending increased by 20% to $1.9 billion in the period, driven by the strong housing market and solid
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