Kiwibank’s capital woes to cut NZ Post’s budget surplus contribution
Finance Minister Steven Joyce says ask the Reserve Bank who won't answer questions
NZ Post’s payment of $130 million to bolster Kiwibank’s capital position will shave its contribution to the government’s budget surplus.
NZ Post, which owns 53% of Kiwibank, and the other two shareholders, the NZ Superannuation Fund and ACC, were forced to contribute a further $247 million of
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Jenny Ruth
Tue, 11 Apr 2017
Tue, 11 Apr 2017
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Kiwibank’s capital woes to cut NZ Post’s budget surplus contribution
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