Kiwibank says its net profit after tax rose 4% to $131 million for the year ending June 30.
It says home lending values grew by $1.8 billion, though much of this was in the first half of the year.
One of the the highlights, the bank said, is that it is partnering with more mortgage advisers; "Clearly the channel of choice for many home buyers and we are committed to supporting our adviser partners."
The second half saw a slow down due to the CCCFA, tighter LVR rules, a cooling housing market, and rising interest rates.
“Potential buyers are being a lot more circumspect,” chief executive Steve Jurkovich says.
“That applies whether they are first home buyers, existing owners looking to upsize, or property investors taking a wait and see approach.”
He said the bank continued to monitor the impact of rising interest rates and inflationary pressures on its customers and urged anyone experiencing difficulty to ask for help.
“If you think you need help, then don’t hesitate to give us a call. The sooner you do so the easier it is for us to work through a solution with you.”
Jurkovich added the bank was also partnering with more advisers. And he said business banking grew $0.7 billion.
In other information, net interest income rose from $528 million to $630 million, and total operating income rose from $577 million to $680 million.