Ah - you may not have read the presentation by CEO Jeff Greenslade today. There are some useful comments on growth there.
https://nzx.com/files/attachments/171425.pdf
Future profits and growth will come from a number of areas:
- Reduction in cost of funds (around 80 basis points so far now they are a registered bank)
- operating efficiencies (easier said than done, and IT systems always overpromise, but not unreasonable to expect some backoffice savings)
- building a float - offering more cash and cheque accounts which don't charge interest, offering HNZ "free money"
- Growth in certain market segments like invoice financing, livestock financing, credit cards, SME and school fees finance