How to make Kiwibank bigger and stronger

Banks need deposits and Kiwibank needs more of them. (Image: Supplied)

Sat, 31 Aug 2024

Kiwibank – everyone has a view so I suppose I should.Scene 1 – banking historyIn 1992, the National Government (58.4%) and Michael Fay (25.7%) agreed “immediately” to post the offer from NAB to sell their stakes in BNZ for $1.5 billion. For a history of this, read the late Brian Gaynor’s scathing pieces from when he was writing at BusinessDesk. It’s a seven-part series if you want to read all the articles. History is important.BNZ is worth $15b-$20b today and has paid NAB more than $10b in dividends. Tha...

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