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Treasury advises how to raise capital for Kiwibank

An IPO would offer broader ownership than private capital raising, it argued in a report obtained by NBR under the Official Information Act.

Kiwibank needs more capital to challenge the Big Four Australian-owned banks.

Brent Edwards Tue, 05 Nov 2024

The Treasury has recommended Kiwibank raise capital from professional investors or through an initial public offering to help it compete with four major Australian-owned banks.

In a paper to Finance Minister Nicola Willis, the Treasury set out what it would take for Kiwibank to have “a more

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Brent Edwards Tue, 05 Nov 2024
Contact the Writer: brent@nbr.co.nz
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Treasury advises how to raise capital for Kiwibank
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