It’s off to the races for Kiwibank, the state-owned retail bank that wants to muscle up to its larger rivals.
Late last year, the Auckland-headquartered bank greenlit a $450 million ($NZ500 million) capital injection from private investors to help it vigorously compete in a sector dominated by Australian lenders.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
