RBNZ Governor Comments on Bank Profit Data
4 December 2012
Reserve Bank Governor Graeme Wheeler today commented on bank profitability data that was released recently to the Green Party.
The Bank also released the data for the period 20092011, which shows returns on equity and assets of New Zealand banks appear to be in line with other advanced economies (excluding euro area countries).
Mr Wheeler said the Bank commissioned the data before the Finance and Expenditure Committee hearing into the Bank's Financial Stability Report on 7 November. However, the analysis was not complete at the time of the hearing, at which he was asked about bank profits.
"My response to the Select Committee …
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Publication information:
Article title: RBNZ Governor Comments on Bank Profit Data.
Contributors: Not available.
Journal title: The Reserve Bank of New Zealand Bulletin.
Volume: 75.
Issue: 4
Publication date: December 2012.
Page number: 41+.
© 2009 Reserve Bank of New Zealand.
COPYRIGHT 2012 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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