Westpac New Zealand's record annual cash earnings of $916 million has confirmed a bumper year for the country's big four Australian-owned banks, taking their combined haul to $4.4 billion.
That's a 4.7 per cent increase on the $4.2 billion Westpac, ANZ, ASB and BNZ reported last year.
However, their combined cash earnings growth has slowed from the more than 10 per cent increase the four lending giants achieved between 2013 and 2014.
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Cash earnings exclude one-off items such as swings in the value of volatile financial instruments.