Latest / The Kākā by Bernard Hickey
It’s official: our banks are profitability world-beaters
TL;DR: A screed of bank results in the coming week are expected to show yet more surges in net profit from the big four that dominate our economy and fuel our housing market.
This week the Reserve Bank compiled and unveiled evidence our banks are too profitable, relative to the risk they take for shareholders, but it is leaving any decisions about an anti-monopoly investigation in the hands of the Government.
The differences in risk-adjusted profitability may reflect a lack of competition. RBNZ
Paying subscribers were able to see more detail and analysis on bank profitability below the…
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