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Kiwibank Profit Drops Amid Merging Rumors | Auckland News
Kiwibank’s profit dipped 9% to $174 million, hit by shrinking net interest margins despite strong growth in lending and deposits. CEO Steve Jurkovich highlights customer base expansion amid tough economic conditions. Meanwhile, parent company chairman David McLean hints at a potential Kiwibank-TSB merger to bolster New Zealand-owned banking — pending TSB’s ongoing talks with Heartland Bank. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report…
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