Monday, March 26, 2018

Banks eke out sub-1pc lending growth

The nine biggest registered banks had $401.65 billion of lending, up from $398b three months earlier, according to KPMG's quarterly financial institutions' performance survey (FIPS). Growth in loans has slowed from a 1.5 per cent rate in the fourth quarter of 2016. Operating expenses rose 4.5 per cent in ...
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