No further rate hikes needed: Kiwibank CEO
Net profit rises 7% to $105 million in the six months ended December.
WATCH: Kiwibank chief executive Steve Jurkovich speaks with Maria Slade.
Jonathan Mitchell
Thu, 22 Feb 2024
Key points
- Operating income: $448 million, up from $415m.
- Profit: $105m, up from $98m.
- Key takeaway: New Zealand-owned bank makes a higher half-year profit, as the focus stays on attracting new customers from Aussie-owned competitors.
Kiwibank has reported growth across the business in its first half, with net profit rising in a competitive trading environment.
The bank’s profit rose 7% to $105 million in the six months ended December 31, compared with $98m in the previous corresponding period.
Operating income rose 8% to $448m,
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Jonathan Mitchell
Thu, 22 Feb 2024
Contact the Writer: jmitchell@nbr.co.nz
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Key points
- Operating income: $448 million, up from $415m.
- Profit: $105m, up from $98m.
- Key takeaway: New Zealand-owned bank makes a higher half-year profit, as the focus stays on attracting new customers from Aussie-owned competitors.
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No further rate hikes needed: Kiwibank CEO
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