Rural News
Rabobank NZ's September quarter profit falls 10% as loan impairments rise, income falls
2nd Dec 13, 4:17pm
by
By Gareth Vaughan
Rural lender Rabobank New Zealand posted a 10% fall in September quarter profit as impairment losses on loans rose and income fell.
The bank's latest General Disclosure Statement shows unaudited profit after tax fell $1.7 million in the three months to September 30 to $15.8 million from $17.5 million in the same period of last year.
This is an abridged version of this article. The full version was published in our email for paid subscribers. See here for more details and how to subscribe.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.