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Bank profits: BNZ's annual profit up to $1.5b thanks to rising mortgage rates

BNZ’s profits are continuing to rise, despite the economy slowing. The bank’s net profit after tax rose by 6.7 per cent in the year to September to $1.5...

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High interest rates bolster BNZ's bottom line to $1.5b

BNZ chief executive Dan Huggins says the bank’s record profit is largely a product of rapidly rising interest rates. BNZ’s net profit after tax rose by 7 per...

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