Kiwibank’s first half profit sinks 33% as its operating expenses jump
Kiwibank continues to lose market share in mortgages.
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Local Govt
Kiwibank’s first-half net profit fell 33% as its operating expenses jumped 20% and there were continuing costs of winding down its IT project.
Kiwibank’s net profit for the six months ended December fell to $42 million from $63 million in the same six months a year earlier.
The Kiwibank
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Jenny Ruth
Fri, 23 Feb 2018
Fri, 23 Feb 2018
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Kiwibank’s first half profit sinks 33% as its operating expenses jump
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