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General Business
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TSB cuts dividend to build capital

Trust-owned bank reports ‘solid’ result.

Tim Hunter Wed, 29 May 2019

New Plymouth-based bank TSB has paid a reduced $10 million dividend to its owner TSB Group, a subsidiary of TSB Community Trust, after reporting what chief executive Donna Cooper described as a “solid” result.

Net profit for the year to March was $45m, down from $51.9m a year earlier,

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Tim Hunter Wed, 29 May 2019
Contact the Writer: thunter@nbr.co.nz
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TSB cuts dividend to build capital
General Business,
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