Bank of New Zealand's full-year profit has risen slightly as it earned more from its lending and cut its bad debts.
The bank, fully owned by National Australia Bank, made a net profit of $937m for the year ended September, up nearly 3 percent on last year.
The BNZ has overcome first half weakness to report higher lending, less pressure on its margins and with income growth faster than the rise in costs.
The growth in customer deposits was also faster than its lending, while its capital reserves increased.
Meanwhile Angela Mentis is to replace Anthony Healy as BNZ chief executive.
Ms Mentis currently holds a senior position in NAB but has been a BNZ director for the past year.