The Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks.

The advice is in response to the Commerce Commission market study on personal banking.

Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users.

"If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."

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The Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks.
The advice is in response to the Commerce Commission market study on personal banking.
Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users.
"If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Nicola Willis: Finance Minister on her plan to boost up Kiwibank so it can compete with the bigger banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/358f2c0f-6c79-4d4d-a3c1-b218005d982c/transcript

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