Kiwibank listing would need an electoral mandate
In the long term, the most accessible source of capital is through a listing on public markets, says Finance Minister.
Kiwibank is gearing up to take on the Australian-owned banks.
The Cabinet has approved Kiwibank raising up to $500 million of capital to help it take on the four big Australian-owned banks.
Kiwibank’s parent company, Kiwi Group Capital (KGC), has reported back to shareholding ministers that there is sufficient interest from New Zealand professional investors
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