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'Big number': Kiwibank's $69m profit boost

Jenny Ruth
Thu, 26 Aug 2021

Chief executive Steve Jurkovich said big banks' words are at odds with their behaviour. (Image: supplied)
Jenny Ruth
Thu, 26 Aug 2021
Kiwibank's annual results paint a graphic picture of how much the economic outlook has changed for the better, even though the nation is back in a covid-induced level 4 lockdown.The bottom line is a $126 million net profit for the year ended June compared with a $57m result the previous year.The latest result was boosted by a $19m reduction in charges against profit for bad debts compared with the previous year's $51m charge."A $70m swing for a bank our size is a big number," said chief executive Steve Jurkovich.He noted how m...

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400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.