Kiwibank's need for more capital becomes more evident

Chief executive Steve Jurkovich said credit law change is finally slowing housing. (Image: supplied)

Fri, 25 Feb 2022

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...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am