Banks are hanging tough despite tough economic conditions. 

A KPMG report has found the sector's net profit for 2024 increased just 0.25 percent from the previous year.

Newstalk ZB senior political correspondent Barry Soper says this still adds up to $7.22 billion.

LISTEN ABOVE

Banks are hanging tough despite tough economic conditions.&nbsp;
A KPMG report has found the sector's net profit for 2024 increased just 0.25 percent from the previous year.
Newstalk ZB senior political correspondent Barry Soper says this still adds up to $7.22 billion.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Barry Soper: Newstalk ZB senior political correspondent on New Zealand's banking sector making a profit amid economic downturn

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/58a92da6-84b9-4ca8-a39c-b29e004d1eab/transcript