Rogue insurer's role in Kiwibank's bad debt problem
Rogue insurer Western Pacific’s collapse has played a part in Kiwibank’s bad debt surge.
Bad debts of $87.1 million for the year to June 30 were a big factor behind the bank’s 54% slump in net profit to $24.6 million, revealed today.
Kiwibank chief executive Paul Brock said most of the
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Georgina Bond
Thu, 25 Aug 2011
Thu, 25 Aug 2011
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Rogue insurer's role in Kiwibank's bad debt problem
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