Keeping Kiwibank New Zealand publicly owned has been dubbed a political move.

The Government has announced its intent to purchase 100 percent of Kiwibank for $2.1 billion.

Massey University banking expert David Tripe told Kate Hawkesby the purchase is a risk.

He says many of the state owned banks around the world have been financial failures.

LISTEN ABOVE

Keeping Kiwibank New Zealand publicly owned has been dubbed a political move.
The Government has announced its intent to purchase 100 percent of Kiwibank for $2.1 billion.
Massey University banking expert David Tripe told Kate Hawkesby the purchase is a risk.
He says many of the state owned banks around the world have been financial failures.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.