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Australian banks’ profits continued to rise in 2007, data released today by the Australian Prudential Regulation Authority (APRA) revealed.
In contrast, data released by APRA last week showed that credit unions and building societies' profits fell by 12 per cent in the year to December 2007. Net profit after tax for mutuals for the period was $380.9 million, down from $430.7 million recorded for 2006.
Published: 25-03-08
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