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ComCom suggests Kiwibank IPO could make it genuine disruptor

Draft recommendations put spotlight on Kiwibank to become a major player, including assessing the bank’s capital requirements.

WATCH: Commerce Commission chair John Small speaks with Jonathan Mitchell.

Key points
  • What’s at stake: Whether smaller bank operators, such as Kiwibank, can eat into the market share and profits of the ‘Big Four’ ANZ, ASB, BNZ, and Westpac.  
  • Background: The Commerce Commission has published its draft market study report into the banking sector, reinforcing limited competition as a ‘contributing factor’ to higher profitability. 
  • Key players: ANZ, BNZ, Westpac, ASB, Kiwibank, Commerce Commission, John Small, Andrew Bayly, Banking Association, Roger Beaumont, Financial Services Federation, Lyn McMorran, First Union, Dennis Maga.

The Commerce Commission suggests there’s wide scope to improve competition to disrupt the ‘Big Four’ Australian-owned banks, to help create a better playing field to benefit consumers.

The watchdog’s draft market study report, released this morning, said limited competition was a

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Key points
  • What’s at stake: Whether smaller bank operators, such as Kiwibank, can eat into the market share and profits of the ‘Big Four’ ANZ, ASB, BNZ, and Westpac.  
  • Background: The Commerce Commission has published its draft market study report into the banking sector, reinforcing limited competition as a ‘contributing factor’ to higher profitability. 
  • Key players: ANZ, BNZ, Westpac, ASB, Kiwibank, Commerce Commission, John Small, Andrew Bayly, Banking Association, Roger Beaumont, Financial Services Federation, Lyn McMorran, First Union, Dennis Maga.
ComCom suggests Kiwibank IPO could make it genuine disruptor
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