Rebounding margins, dairy sector help BNZ eke out an annual profit rise
BNZ's costs rose more than twice net interest income on redundancies.
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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
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Rebounding margins, dairy sector help BNZ eke out an annual profit rise
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