Kiwibank's need for more capital becomes more evident

Kiwibank's need for more capital becomes more evident
Chief executive Steve Jurkovich said credit law change is finally slowing housing. (Image: supplied)
Jenny Ruth
Kiwibank has stood out as the country's least well-capitalised bank for some time now and the latest results show while its total capital increased, its common equity ratio fell slightly.That's even after the bank reported a 16% rise in first-half net profit to $64 million for the six months ended December.There are two ways for a bank to increase equity; it can earn more and retain those earnings, or its shareholders can provide it with more capital.But Kiwibank is growing its loan book faster than it is accumulating earnings – l...

More Finance

Lenders referring borrowers in trouble to non-profit services
Finance

Lenders referring borrowers in trouble to non-profit services

Financiers pushing KiwiSaver withdrawals rather than acting responsibly, advisers say.

Maria Slade 13 Jun 2025
Mainland Capital delivers $50m raise for Chch hospital expansion
Finance

Mainland Capital delivers $50m raise for Chch hospital expansion

The oversubscribed raise will help fund a new state-of-the-art private hospital facility.

Oliver Lewis 13 Jun 2025
FNZ employee shareholders told success more likely
Finance

FNZ employee shareholders told success more likely

Account show loss at global fintech widens. 

Victoria Young 05 Jun 2025
NZ Super ahead of the curve on US equities
Finance

NZ Super ahead of the curve on US equities

New Zealand’s sovereign wealth fund has been overweight in European equities.

Gregor Thompson 03 Jun 2025