Kiwibank has posted a $126 million profit, and announced it had become a B Corp social enterprise. Overall lending was up $3b, with residential mortgage lending growth of $2.2b, and growth in business lending of $0.8b. READ MORE:* Synlait joins exclusive B Corp club* Kiwibank profit slides as $12m in fees cut* Kiwibank's 'readiness' to become Government's bank investigatedJurkovich said: “The strong housing market has played a significant role, as well as our consistently competitive and market-leading interest rates. There are only a handful of B Corps in New Zealand, including dairy company Synlait and KiwiSaver provider Pathfinder. Jurkovich said Kiwibank had provided support to over 6000 personal and 2000 business customers who faced hard times as a result of the Covid pandemic.

Source: Stuff August 25, 2021 21:35 UTC