Risky business? Why Kiwibank's $500m funding boost is causing concern

Risky business? Why Kiwibank's $500m funding boost is causing concern
Kiwibank is wooing mortgage brokers as it chases down more home loans business. (Image: Kiwibank)
Rebecca Stevenson
A $500 million funding boost for Kiwibank must come with checks and balances to ensure it doesn’t chase growth on risky loans the big four banks don’t want, a banking expert says. Treasury and Kiwibank's parent company are laying the groundwork for a private capital injection for the state-owned bank. Craigs Investment Partners has been appointed to give advice on proposals for funding by Kiwi Group Capital. In December the Government gave Kiwibank the green light to tap institutional investors and KiwiSaver funds...

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