Big banks face profitability squeeze despite lending growth in June quarter
New Zealand's five largest banks saw profitability decline in the June quarter even as they expanded their lending.
The big five banks experienced tougher conditions in the June quarter, with profitability declining across the sector. Despite the profit pressure, all five banks managed to grow their lending during the period.
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Big banks found the going tougher in the June quarter
Profitability took a hit across the big five banks in the June quarter despite all five growing lending