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Barry Soper: 'Extraordinary' earnings for NZ banking sector amid economic downturn

Author
Newstalk ZB,
Publish Date
Wed, 12 Mar 2025, 5:40pm
Photos / NZ Herald
Photos / NZ Herald

Barry Soper: 'Extraordinary' earnings for NZ banking sector amid economic downturn

Author
Newstalk ZB,
Publish Date
Wed, 12 Mar 2025, 5:40pm

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.

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