Banks make more healthy profits, but headwinds coming
Rising interest rates have helped lenders widen their net margins, KPMG says.
The banking sector made $1.73b in profits in the June quarter
The banking sector made a healthy $1.73b in profits in the three months to June, albeit down slightly on the record $1.74b set in the March quarter.
The country’s nine biggest banks produced a 7.6% increase in net interest income to $3.22b in the three-month period, KPMG’s latest Financial
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