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Government prompts Kiwibank to try to raise $500m

No initial public offering for the bank right now, but maybe later, as Govt acts on Commerce Commission advice on banking sector.

The Government is backing Kiwibank to take on the four big Australian-owned banks.

Brent Edwards Mon, 09 Dec 2024

The Government has given the go ahead to Kiwibank to raise up to $500 million in capital to help it compete with the country’s four large Australian-owned banks.

Finance Minister Nicola Willis said today the Treasury and Kiwi Group Capital – Kiwibank’s parent company – had been directed to

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Brent Edwards Mon, 09 Dec 2024
Contact the Writer: brent@nbr.co.nz
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Government prompts Kiwibank to try to raise $500m
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