Business Scoop » SBS Chairman Announces Appointment Of New SBS Group CEO
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SBS chief executive Shaun Drylie has announced he will be leaving the organisation at the end of the year.
Last year's operating surplus came in low, because SBS Group was holding money back in anticipation of losses, Drylie said. The business was able to draw from this safety net in the past financial year, which resulted in this year’s growth, he said. The business has increased its investment in digital banking with new software and was teaching its older members to use telephone and Internet banking as the bank prepared for a cheque-free future. The march towards digital services raised the potential risk of cyberattacks, not only for SBS, but all organisations, Drylie said. “As we be...
Business Scoop provides news and views on Business and Markets from New Zealand
The SBS Group has reported a strong result for the 20-21 financial year despite the challenges of Covid-19, particularly during the first quarter for the period. The SBS Group which includes subsidiaries Finance Now, FANZ and Southsure, reported ...