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Hot Topic Reporting season
Hot Topic Reporting season
Business
3 mins to read

Kiwibank’s year of two halves

Net profit jumps 34% to $175 million, with the economic chill starting to bite in second half.

Kiwibank chief executive Steve Jurkovich speaks with Jonathan Mitchell.

Kiwibank has reported a year of two halves, as the slowing economy and high interest rates start to bite on households and businesses.

The bank made a net profit of $175 million in the year ended June 30, a 34% jump on the previous year’s $131m.

That was driven by a rise in the net interest margin

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Contact the Writer: jmitchell@nbr.co.nz
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Kiwibank’s year of two halves
Business,
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