P&N Bank, WA's local customer-owned bank, has reported a 9.6 per cent increase in net profit after tax (NPAT) closing out a year of solid performance on behalf of its 94,000 customers.
The Bank’s NPAT increased from $11.1 million in FY16/17 to $12.2 million in FY17/18 with total bank assets increasing 4.1 per cent following sound growth in loans and advances of 5.2 per cent.
CEO Andrew Hadley said he was pleased with the results given the prevailing economic conditions in Western Australia which he believes may finally be trending in the right direction.
Read the full Media Release to find out more about P&N's 2017/18 performance.
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