There's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues. 

Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks. 

Simplicity founder Sam Stubbs says Kiwibank will need more capital over time. 

He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver. 

Stubbs says it'll bring pricing pressures into the market, which there's very little of right now. 

LISTEN ABOVE 

There's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues.&nbsp;
Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks.&nbsp;
Simplicity founder Sam Stubbs says Kiwibank will need more capital over time.&nbsp;
He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver.&nbsp;
Stubbs says it'll bring pricing pressures into the market, which there's very little of right now.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Sam Stubbs: Simplicity Founder on Kiwibank being allowed to raise $500 million in capital to compete with the major banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f3a36626-41a7-48ed-b882-b32a0156b499/transcript