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KPMG | Scoop InfoPages


Monday, 26 July 2021, 1:18 pm | KPMG
KPMG has announced the appointments of Stephanie Ward and Rachael Niao, who have
recently joined the partnership. The appointments build on those announced earlier
this year of Sarah McGrath, Jodi Newth, Nick Moss, Leon Bowker, and Mike Lowe. Together . More
Thursday, 1 August 2019, 4:44 pm | KPMG
The latest KPMG Growth Promise Indicators (GPI) index ranks New Zealand 9th for our
productivity potential, against a total of 180 countries surveyed. The index finds
that New Zealand has maintained its 9th position from last year, with a score of . More
Thursday, 21 February 2019, 5:45 pm | KPMG
The Tax Working Group (TWG) has made 99 recommendations in its Final Report. The ....

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NZ bank profits fell 28 per cent in 2020 but they still made over $4 billion


NZ bank profits fell 28 per cent in 2020 but they still made over $4 billion
23 Feb, 2021 04:00 PM
3 minutes to read
The big four banks accounted for 99 per cent of the $1.58 billion reduction in net profit after tax. Photo / File
New Zealand bank profits fell by a whopping 28 per cent in 2020 - a drop of $1.58 billion to $4.14 billion.
The fall was the largest in the 10-year history of KPMG s Financial Institutions Performance Survey as higher impairment expenses and operating costs took their toll on the banks.
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John Kensington, head of banking and finance at KPMG, said while Covid-19 appeared to have had a more immediate effect on banks net profits than the global financial crisis, the New Zealand financial system had to date proved to be strong and the banks resilient. ....

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