KPMG's latest survey of financial institutions shows the country's banks continue to record huge profits.
For the December quarter they made $1.1 billion in profit, up 16.8 percent on the previous quarter.
KPMG's head of financial services John Kensington says the strong performance in the banking sector comes as New Zealand businesses are becoming more positive about the future.
He also says New Zealand's economy – particularly the housing sector – isn't a bubble, as some have warned.
But is there room for banks to grow?
Watch the video for the full interview with KPMG's head of financial services John Kensington.
source: newshub archive
