“Banks make new record profits amid strong inflation, rising interest rates… Collective profits for the sector were $7.18 billion for the year ended December as lending increased, bad debts remained low and margins increased.”

That’s about $1300 each for everyone in Aotearoa (adults and children) just for profit so not counting the actual cost of the services/interest. #Scandalous #EvilBankers

https://www.rnz.co.nz/news/business/485914/banks-make-new-record-profits-amid-strong-inflation-rising-interest-rates