Kiwibank has scrapped it's plans for partial privatisation after the Reserve Bank announced it's reduction of the amount of capital it requires banks to hold to protect their depositors in the event of a crisis.

The bank had been talking to investors, seeking a $500 million capital raise after the Government gave it the green light to raise money to become more competitive. 

Kiwibank CEO Steve Jurkovich talked to Andrew Dickens about the change and the future of the market. 

LISTEN ABOVE

Kiwibank has scrapped it's plans for partial privatisation after the Reserve Bank announced it's reduction of the amount of capital it requires banks to hold to protect their depositors in the event of a crisis.
The bank had been talking to investors, seeking a $500 million capital raise after the Government gave it the green light to raise money to become more competitive.&nbsp;
Kiwibank CEO Steve Jurkovich talked to Andrew Dickens about the change and the future of the market.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Steve Jurkovich: Kiwibank CEO chats scrapped $500m capital raise

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0f6fb40d-2e7e-446e-9f2d-b3b80060b084/transcript

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