SBS Bank's first-half profit falls as expenses, bad loan charges jump

SBS Bank's expenses grew faster than income in the six months ended September and its charges for bad loans jumped nearly 25% - with special audio feature.

Jenny Ruth
Mon, 30 Nov 2015

Click the NBR Radio box for on-demand special feature audio: SBS Bank chief financial officer Tim Loan on its company first-half result

SBS Bank’s first-half net profit fell 5.5%, reflecting a jump in both operating expenses and charges against profit for bad loans.

The co-operative is also

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