During 2021 Covid NZ banks made over $6 billion

Despite battling the second year of a global pandemic, banks operating in New Zealand collectively made more than $6 billion in 2021 according to a report by KPMG.

LPMG’s Financial Institutions Performance Survey of banks found net profits rose nearly 48 per cent last year to hit $6.13b – the first time it had gone over the $6b mark since KPMG began monitoring the sector. Read more

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News category: New Zealand, News Shorts.

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