New Zealand Government Seeks Private Capital For Kiwi Bank
Topics
Developing
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Sources · 7 independent
“Kiwi Bank is quite small in comparison and for it to grow it needs more capital. Now the government had decided that it would try to get some private sector capital to put into it to allow to grow about $500 million.”
“capital to put into it to allow to grow about $500 million. Kiwi Bank, why?”
“into it to allow to grow about $500 million. Kiwi Bank, why?”
“there's a fair question as to whether private sector capital would help it grow, and also bring in some private sector discipline into the business.”
“sector involvement, that's an argument they'd make. Kiwi Bank as an example.”
“if the government owns, let's say, 50% of Kiwi Bank, not 100%, there's a fair question as to whether private sector capital would help it grow, and also bring in some private sector discipline”
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