It appears that the sky is the limit when it comes to the profits of the NZ banking sector, as 2013 profits of the “Big Four” hit record highs of $3.54 billion.
ANZ $1.37 billion, up 8 per cent
Westpac $770 million, up 9 per cent
ASB $705 million, up 3 per cent
BNZ $695 million, up 19.5 per cent