Kiwibank's not so good report

Tuesday, May 31st 2011, 10:15AM

We held the newsletter back a little today as NZF has this morning announced its results (and since there aren't any rate changes we needed something to write about).

It looks like the company is still limping along and there is no announcement yet on who its white knight maybe.

Meanwhile Kiwibank released its GDS yesterday and the news isn't particularly pretty with profit plunging and bad loan charges soaring. Details here

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