Rebounding margins, dairy sector help BNZ eke out an annual profit rise
BNZ's costs rose more than twice net interest income on redundancies.
Bank of New Zealand managed to claw back a profit drop in the first half to report a slightly higher annual result as its profit margins recovered and the recovering dairy sector led to a sharp fall in charges for bad debts.
Annualised profit margins recovered from 2.15% in the first half to
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Jenny Ruth
Fri, 03 Nov 2017
Fri, 03 Nov 2017
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Rebounding margins, dairy sector help BNZ eke out an annual profit rise
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