KEY POINTS:
TSB Bank yesterday reported a March year tax-paid profit of $34.8 million, an 11.3 per cent increase on last year. It said the result was its 20th consecutive year of record profit growth - a record in the New Zealand banking industry.
"I know of no other New Zealand bank that can claim anything like such a lengthy history of year-on-year increasing profit growth," said managing director Kevin Rimmington.
The growth reflected increasing demand for services across the country via direct banking, an increasing physical presence outside its Taranaki base, plus banking by internet, text and phone.
