Tasmanian News

Bank results mixed

Tasmania based MyState is reporting a slight drop in profit last financial year, coming in at $31 million, down $0.5 million on the previous 12 months.

Sluggish housing credit growth and lower interest rates are credited for impacting the performance.

While it's a tale of growth for Tasmania's Bank Of Us which is now the fastest expanding bank in the nation, increasing its loans by 21% in the year ending May, and grew its customers by 29% for the financial year.

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