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Kiwibank gets $225m injection following Kiwi Wealth sale

Proceeds from sale of fund manager to Fisher Funds to ‘accelerate the growth’ of bank.

NBR Staff Tue, 01 Aug 2023

Kiwi Group Capital is investing $225 million into subsidiary Kiwibank to accelerate its growth following the $310m sale of fund management business Kiwi Wealth to Fisher Funds last year.

Kiwi Group was set up last November to take over the Government’s investment in Kiwibank and NZ Home Loans,

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NBR Staff Tue, 01 Aug 2023
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Kiwibank gets $225m injection following Kiwi Wealth sale
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