Kiwibank profit hits $100 million

The bulk of the profit was made up by the Kiwibank Banking Group (“Kiwibank”) which achieved an after-tax profit of $100 million, an increase of three per cent over the previous year’s profit of $97 million.


Profit up and new products for ClearView Wealth

ClearView Wealth has posted a 23% increase in after tax profit for the full year to 30 June while also announcing it is entering the low cost product market for low account balance investors .


Centrepoint Wealth posts $11 million turn-around in profit

Centrepoint Alliance has posted an $11 million turn around in after tax profit in the last 12 months reporting a $3.3 million profit for the past financial year up from the $7.8 million loss reported in the 2012-13 financial year.


RBC reports record Wealth Management net income

Wealth Management net income was a record $285 million, up $52 million or 22% compared to last year, mainly due to higher average fee-based client assets across all businesses resulting from capital appreciation and net sales


NAB lifts earnings to $1.6 billion

The update, released on the Australian Securities Exchange (ASX) today also pointed to a stronger performance by the bank’s wealth management division.