Impaired asset expense $46.4m.
Data provided to RBNZ back in early August (to June 2024) showed 42.3m (which excluded Australia).
https://bankdashboard.rbnz.govt.nz/orgs/HEART-BK
Well within expectations for anyone who follows the stock.
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Impaired asset expense $46.4m.
Data provided to RBNZ back in early August (to June 2024) showed 42.3m (which excluded Australia).
https://bankdashboard.rbnz.govt.nz/orgs/HEART-BK
Well within expectations for anyone who follows the stock.
im not surprised about the extra $10m provision for asset finance/motor and rural.
wonder if its enough????
they are also adding back a $11.5m provision for subset of legacy lending?? is that right to do?... if you dont add it back their underlying target is well missed...
Gosh it really is a hard read lol..
Definitely bottom of the cycle stuff. Need to look through it and into the future $200m unpat glory days to come
Any results will not satisfy the market..because .. people are currently tied up their money on the term deposit...