2 Mar 2015

SBS lifts 3rd quarter profit 14.4%, 9 months profit up 38.7%

From Business News, 6:55 am on 2 March 2015

SBS Bank says falling interest rates have squeezed profit margins in the December quarter, despite record levels of business in the three months. The Invercargill-based bank lifted its profit by 39% to $15.3 million in the nine months to December, after strong gains in mortgage and other lending in the last three months of 2014.