Co-operative Bank lifts annual profit 24.4%
Chief executive Bruce McLachlan says the major factor in his bank's increased lending performance is the greater brand recognition it's been receiving.
Hot Topic
Rich List
Co-operative Bank’s annual net profit jumped 24.4%, driven by strong mortgage lending and a sharp drop in the costs of bad debts.
The bank, formerly the PSIS, reported an $8.9 million net profit for the year ended March, up from $7.1 million the previous year.
Its bad debt expense fell 32% to
Want to read more? It's easy.
Choose your subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Yearly Premium Online Subscription
NZ$499.00 / yearly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Individual
Group membership
NBR Marketplace
Jenny Ruth
Fri, 29 May 2015
Fri, 29 May 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Co-operative Bank lifts annual profit 24.4%
48140