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Kiwibank posts full-year profit of $174 million, down 9% on previous year

State-owned Kiwibank has posted a full-year profit of $174 million, down 9 percent on the $191m recorded a year earlier.

  • Kiwibank reported $174 million profit, a 9% decrease from previous year
  • Net interest margins reduced 15 basis points, impacting profitability
  • Total lending reached $38.9 billion, driven by retail and business lending

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