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Finance

Westpac’s profit slide is what mortgage competition was supposed to look like

Westpac New Zealand's full-year profit fell 9% to $1,087 million, down from $1,197 million in the year to September. Before anyone reaches for the word "slump", look at why. Net interest margin, the gap between what the bank earns on loans and...

By B2B News | 7 hours ago | 4 min read
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