BNZ’s 57% profit rise far from ‘broadly flat’

Despite claiming that their profits for the first quarter have so far been ‘broadly flat’, BNZ’s profits rise of $72 million (to $198 million) in the December quarter is a 57% rise on the same quarter in the previous year.

What can you do with that $198 million? It would more than cover the $185 million the Ministry of Social Development spent in 2013 on childcare assistance.

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