Four key profit measures all weakened for New Zealand's big five banks in the December quarter
6th Mar 20, 9:39am
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3 Comments
Low interest rates aren't that good for banks as they need house prices to go exponential to get the same returns. That is unlikely while mums and dads are still the primary property owners. Corporatisation of rental ownership is the key for banks. Be interesting to see how it emerges.
March quarter would be worse.
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