Australia's four major banks, which each own an operation in
New Zealand, delivered combined earnings of $A13.4 billion
($NZ16.1 billion) for the six months ended March, up 7.3% on
the previous corresponding period.
Investor confidence has reached a two-year high as New
Zealand investors seek higher yields against a background of
more benign risk and higher returns from shares, the ASB
Investor Confidence Index shows.