Property
September quarter profit up 23%, mortgage book grows 2% at the Co-operative Bank
5th Dec 13, 10:28pm
by
By Gareth Vaughan
The Co-operative Bank posted a 23% rise in September quarter profit as impairment losses on loans and expenses both fell, and grew residential mortgage lending by 2%.
The bank's latest general disclosure statement shows unaudited profit after tax attributable to members rose $300,000, or 23%, to $1.6 million in the three months to September 30 from $1.3 million in the same period of the previous year.
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