TSB holds its market share
Taranaki-based TSB Bank held its share of the mortgage market steady in the March quarter while its profitability improved from a relatively depressed December quarter.
Monday, May 29th 2006, 8:56PM
by Jenny Ruth
Net profit for the quarter grew 10.2% to $7.32 million, bringing the annual increase to 11.9% at $31.3 million. The December quarter increase had been just 6.4%. The bank has increased its profit in each of the past 19 years.
The bank's deposit base grew 10% to $2.36 billion over the year while total assets rose 11% to $2.6 billion.
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