New Zealand bank sector profits reach record $7.2 billion
Wednesday 12 March 2025 · 2 outlets · 2 reports · updated In this story Kiwibank
Collective profits for New Zealand's major banks rose to a record $7.22 billion in 2024. Despite facing regulatory pressures, rising costs, and flat margins, the sector saw a 0.25 per cent increase in profits driven by higher net-interest income.