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‘Sporadic’ competition among Aussie-owned banks: ComCom

Market watchdog’s draft report highlights the muscle of big Aussie banks and competition concerns.

Commerce Commission chair John Small.

Limited competition is a “contributing factor” to high profits of the Australian-owned banks, with Kiwibank the best prospect in the near-term to provide “disruptive” competition, says Commerce Commission chair John Small.

He presented the competition watchdog’s draft market study into

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Jonathan Mitchell Thu, 21 Mar 2024
Contact the Writer: jmitchell@nbr.co.nz
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‘Sporadic’ competition among Aussie-owned banks: ComCom
General Business,
103275
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