Treasury advises how to raise capital for Kiwibank
An IPO would offer broader ownership than private capital raising, it argued in a report obtained by NBR under the Official Information Act.
Kiwibank needs more capital to challenge the Big Four Australian-owned banks.
The Treasury has recommended Kiwibank raise capital from professional investors or through an initial public offering to help it compete with four major Australian-owned banks.
In a paper to Finance Minister Nicola Willis, the Treasury set out what it would take for Kiwibank to have “a more
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