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
Additional readingNews category: New Zealand, News Shorts.