BNZ profit dips as economic return proves sluggish

CEO Dan Huggins sees reasons for optimism. (Image: Supplied)

Thu, 06 Nov 2025

BNZ has reported a slightly lower net profit after tax for its full year, which it says is on the back of a Kiwi economy taking longer to recover than expected.The bank posted a full-year net profit after tax of $1.50 billion, down 0.5% from $1.51b in the year-earlier same period. Net interest margin (NIM), a key profitability gauge, was up 6 basis points to 2.43%, from 2.37%. Cost-to-income ratio, a measure of efficiency, was up 108 basis points to 39.6%, from 38.5%.“The result reflects the current economic environment,”...

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