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29 Mar 2024 4:25
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  •   Home > News > Politics

    Kiwibank's profit has fallen, with lower fees hitting the state-owned bank's income

    Kiwibank's profit has fallen, with lower fees hitting the state-owned bank's income


    It has reported a net after tax profit of 108 million dollars for the year to June 30.

    That's six percent down on the previous year's 115 million.

    It's income is down over 24 percent, but lending and deposits have hit a record.

    Lending's up 12 percent to 20 billion dollars - and deposits are up 13 percent to 18 billion.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Business:
    The Government's made a new pay offer to Police 21:57

    Entertainment:
    Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was 21:53

    Entertainment:
    Mel B's fiance visited her father's grave to "ask permission" to propose to her 21:23

    Accident and Emergency:
    State Highway 6 is blocked by a serious crash, South of Lake Paringa in the South Island's Tasman region 21:17

    Accident and Emergency:
    State Highway One is has now reopened between Kaikoura and Riverlands - after a two-vehicle collision at Kekerengu, north of Kaikoura, this morning 21:17

    International:
    Shopper swallowed as shopping mall floor collapses in eastern China 21:07

    Entertainment:
    Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money 20:53

    Law and Order:
    A person has died following an incident at a restaurant in Auckland's Browns Bay 20:27

    Entertainment:
    Halle Berry's perimenopause symptoms were mistaken for herpes 20:23

    Entertainment:
    Keke Palmer wants 10 kids 19:53


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