BNZ preserves margins on flat half-year

BNZ CEO Dan Huggins believes the NZ economy is turning up. (Image: Supplied)

Wed, 07 May 2025

Bank of New Zealand’s net interest margins were flat at 2.37% for the six months to March 31, with the New Zealand arm of the National Australia Bank showing significant home-lending growth compared to its peers.That compared with 1.7% net interest margins (NIMs) in the Australian operation, mirroring Westpac’s half-year result earlier this week in which NIMs in NZ were significantly higher than the bank was achieving in Australia.The NZ unit reported a statutory net profit increase of 4.3% on the same period a year earlier, at $795...

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