BNZ made an after-tax profit of $805 million in the last six months to the end of March.

This represents a 13.5 percent rise in profit on the same period last year when BNZ made an after-tax profit of $709m.

BNZ chief executive Dan Huggins explained that a strong banking sector was important for New Zealand’s economy.

NZ Herald business editor at large Liam Dann says the larger banks have been making record profits thanks to the Reserve Bank hiking interest rates to slow the economy.

LISTEN ABOVE

BNZ made an after-tax profit of $805 million in the last six months to the end of March.
This represents a 13.5 percent rise in profit on the same period last year when BNZ made an after-tax profit of $709m.
BNZ chief executive Dan Huggins explained that a strong banking sector was important for New Zealand’s economy.
NZ Herald business editor at large Liam Dann says the larger banks have been making record profits thanks to the Reserve Bank hiking interest rates to slow the economy.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.