Kiwibank’s profit up 15%

The bank's chief executive Steve Jurkovich. (Image: Supplied)

Thu, 22 Aug 2024

Kiwibank's net profit increased 15% to $202 million, and it says it is fulfilling its role as a disruptor.The state-owned bank grew its lending book by 9.3% to $32.4 billion in the 12 months to June 30.Meanwhile, deposits increased $2.4b, or 9.4%, to $28.2b.Chief executive Steve Jurkovich said that for the fifth consecutive year, Kiwibank had improved its profitability and grown faster than its competition. It continued to build a stronger asset for New Zealand, with all its earnings staying “right here”.'No maverick...

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