Kiwibank senses opportunity as Aussies slow down

CEO Steve Jurkovich is targeting consistency in the coming years. (Image: Kiwibank)

Fri, 25 Aug 2023

State-owned lender Kiwibank is keen to use its recent capital injection to full effect as it chases a bigger share of business lending.The country's fifth-biggest bank reported a record profit of $175 million for the 12 months ended June 30, growing its gross loan book 7.1% in the year to $29.78 billion, outpacing credit growth among the big four Australian-owned banks. Of that, home loans climbed 4.7% to $24.25b, while other term lending advanced 17.7% to $4.46b and other lending jumped 38.8% to $504m. Kiwibank’s deposits grew 6...

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