Kiwibank's profit falls for the first time in six quarters
Kiwibank's expenses grew faster than income in the September quarter and it continues to lose ground in the mortgage market.
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Kiwibank’s net profit fell in the September quarter for the first time in six quarters as expenses rose faster than income and it continued to lose market share in mortgages.
The government-owned bank’s net profit fell 5.7% to $33 million in the three months ended September compared with the same
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Jenny Ruth
Mon, 30 Nov 2015
Mon, 30 Nov 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Kiwibank's profit falls for the first time in six quarters
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