Westpac New Zealand has reported a 5% drop in statutory profit to $497m for the six months to March.
However, if a one-off gain of $126m from the sale of its New Zealand life insurance business and other items are included, the bank increased its cash earnings by 9% to $635m for the period.
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
