P&N Bank finished the year as the fastest growing customer-owned banking institution in Australia.
CEO, Andrew Hadley said P&N Bank had experienced lending growth in excess of 20 per cent over the financial year despite challenging economic conditions in Western Australia.
P&N Bank’s net profit after tax was $10.57 million up 3.7% from the previous year.
“Our lending growth, together with our continuing high customer satisfaction scores indicate that we have made substantial progress in the realisation of our five year strategic plan"
Mr Hadley said he was pleased with how the organisation had performed given the backdrop of tough trading conditions in the WA economy.
Read the Media Release and summary of financial results.
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