by Eric Frykberg
This was an increase of $3.4 million (7.8%) compared with the same period a year earlier.
On an underlying basis, excluding the impact of one-off payments, NPAT was $47.1 million, an increase of $3.8 million (8.8%).
The bank is crediting increased digitisation and the integration of product applications and platforms for its result, as they reduced costs relative to income.
It also credits an overall growth in lending of 13.9%.
Impairments were up on the previous six months mainly due to the impact of Covid 19.
One expected difficulty for the bank was the Credit Contracts and Consumer Finance Act (CCCFA) which slowed the growth in credit for homes and for cars.
This is expected to continue into the current half year.
The bank says this problem is being partially offset by growth in other areas, such as reverse mortgages, in both Australia and New Zealand.
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