SBS Bank boosts half-year net surplus on new branding, marketing

Fri, 25 Nov 2016

By Fiona Rotherham Nov. 25 (BusinessDesk) - SBS Bank has reported an increased half-year net surplus of $14.6 million after stepping up its marketing activity after refreshing its brand a year ago and increasing its presence through mobile mortgage managers. The unaudited net surplus for the six months ending Sept. 30 compares to $9.8 million achieved in the same period last year, according to the bank’s disclosure document. Interest income was $96.2 million for the half-year, slightly down on the $98.7 million received the previous year...

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