Avsnitt Steve Jurkovich: Kiwibank CEO on their 9% drop in annual profit, net interest margin dropping to 2.1% The Mike Hosking Breakfast Spela Dela
Kiwibank says the banking sector's becoming fiercely competitive. The Crown-owned bank has reported a 9% drop in annual profit. Its net interest margin —a key metric of profitability— has dropped to 2.1%. Chief Executive Steve Jurkovich told Mike Hosking the margin has dropped from about 2.4% a few years ago. He says wholesale rates have increased, and the advisor market has given consumers more price transparency. LISTEN ABOVE See omnystudio.com/listener for privacy information. Rss Apple Podcaster →
