BNZ promises ruthless vigilance to earn customer trust as half-year profit rises 17.8%

Wed, 02 May 2018

By Pattrick Smellie May 3 (BusinessDesk) - Australian-owned Bank of New Zealand is promising it will be "ruthlessly vigilant ensuring that our customers' trust in us is well placed", its chief executive, Angie Mentis said as the bank announced a 17.8 percent increase in net profit after tax for the six months to March 31, at $490 million. The result reflected a combination of deposit growth, strong lending growth to both businesses and home borrowers, an increase in net lending margins, and a larger gain in the same half a year earlier on...

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