£10,000 Profit Expected
(N.Z. Press Ajsoclotion) ROTORUA, Dec. 17. The Bay of Plenty Savings Bank, now in its second year, expected to finish the year with a profit of £lO.OOO, the president (Mr R. L. Reeder) said today. Speaking at the official opening of the Rotorua branch’s new premises in Tutanekai street, Mr Reeder said approval would be sought from the Minister of Finance (Mr Lake) to allow the bank to make grants to charitable organisations. In its first year, the bank had a profit of £l4OO. Mr Reeder said the bank was big business. Last month turnover in its nine branches amounted to £>oo,ooo.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19651220.2.120
Bibliographic details
Press, Volume CIV, Issue 30938, 20 December 1965, Page 14
Word Count
105£10,000 Profit Expected Press, Volume CIV, Issue 30938, 20 December 1965, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.