Kiwibank profit falls to $174m as lending grows and competition tightens margins
Kiwibank's annual profit declined to $174m as the bank faced margin pressure from increased competition.
Kiwibank reported a fall in profit to $174m despite growing its lending. The decline reflects narrowing margins across the banking sector as competition intensifies. The bank has also expressed interest in talks with Toi Foundation regarding the future of TSB.
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Kiwibank interested in talks with Toi Foundation over TSB future, profit down as competition squeezes margins
Kiwibank’s profit fell to $174m as lending grew and margins narrowed.