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30 Nov 2020 17:26
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  •   Home > News > Business

    A big hit for the country's biggest bank

    A big hit for the country's biggest bank


    ANZ New Zealand's cash profit has slumped 29 percent - to 1.371 billion dollars in the year to September.

    The decrease was primarily driven by increased credit impairment charges, because of Covid-19.

    The Herald's Tamsyn Parker says banks are holding on to some cash, in case of further losses early next year.

    She says the mortgage deferral scheme ends next March -- so what happens after that is up in the air.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Law and Order:
    Police are hunting for a 45-year-old man after a fatal shooting in Wellsford, Auckland on Saturday evening 17:17

    Entertainment:
    Kendall and Kylie Jenner joked about their dating preferences in a new TikTok video 16:59

    Politics:
    A chiropractor's in hot water after starting a sexual relationship with a patient - that lasted two and a half years 16:57

    International:
    US politics updates: Donald Trump tweets at Joe Biden after president-elect fractures foot 16:47

    Entertainment:
    Idris Elba is to interview Sir Paul McCartney for a BBC special 16:29

    Entertainment:
    Shawn Mendes wants to be more "vocal and vulnerable" 15:59

    Sailing:
    The America's Cup boats will get a first real opportunity to gauge where they are at next week when official practice racing gets underway on Auckland's Waitemata Harbour 15:57

    Soccer:
    The Wellington Phoenix's newest recruit has lofty ambitions for the club 15:47

    Entertainment:
    John Boyega is pleased to see more debate and discussion around racism 15:29

    Accident and Emergency:
    A person has died after a crash in Southland on November 20 15:27


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