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TSB lifts profit 11 percent lifting rural commercial lending

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TSB Bank, which took a quarter stake in fund manager Fisher Funds earlier this year, lifted annual profit 11 percent as it lifted rural and commercial lending faster than its traditional sector in household mortgages. Net profit rose to $53.1 million in the 12 months ended March 31, from $47.8 million a year earlier, the Taranaki-based bank says in a statement. Net interest income rose 3.8 ...

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