KPMG review of NZ banking sector 2022
Banks don’t make excessive profits but Kensington says -
Tough times ahead. Kensington said all the bank chief executives and chief financial officers recognise their organisations have been “making hay”, but that the economy is likely heading into a slowdown or recession.
In previous crises, such as the 1989 share market crash and the global financial crisis (GFC), the NZ economy has generally weathered the first couple of years very well, but it’s been the third and fourth years in which most distress has been felt, he said.
That’s also likely to be true of the covid pandemic.
Lot of stuff in report but some charts/tables show HGH relative performance to others
https://assets.kpmg.com/content/dam/...banks-fips.pdf