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Video: Kiwibank half as profitable as ANZ National

Posted in News

Kiwibank profit up to NZ$36.8 mln with a profit to assets ratio of 0.6% down from 0.8%.
Half as profitable as ANZ National and appears to have a NZ Post subsidy.
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4 Comments

All banks have a subsidy

All banks have a subsidy from Parliament. It's their license to operate :-)

Sweet, who do I apply

Sweet, who do I apply to for one of these licenses?

That's the hard bit :-)

That's the hard bit :-)

But Kiwibank is our profit,

But Kiwibank is our profit, unlike that of the ANZ who filters back largely to its controlling stakeholders, the central bankers of Europe.
Cheers
Iain