Kiwibank's sparse-of-detail $500m capital hike fails to inspire

The Government says it is allowing Kiwibank to pursue a $500m capital raise so it can compete with its Australian rivals. (Image: Kiwibank)

Staff reporters

Thu, 31 Jul 2025

Kiwibank’s plans for an up to $500 million capital raise to wrangle market share from its gorilla Australian rivals has failed to inspire potential investors, BusinessDesk has been told.Possible backers of the capital raise are disappointed by the lack of a near-term flotation of the bank as well as the paucity of pricing and structural detail.The market has also raised the prospect of wanting tweaks to the state-owned lender’s board to ensure it has the capability and experience needed to gain a bigger slice of the hotly contested...

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