Banks made record profits in the first quarter of 2021, on the back of the runaway housing market and a decrease in bad debt provisions, as the economy performs better than expected, KPMG says.
The country’s nine registered banks made a collective profit of $1.643 billion in the three months
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
