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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

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Banking now a 'non-growth sector'

Ex-Kiwibank CEO Sam Knowles says state owned bank doing as well as anyone in 'non-growth' environment

8th Sep 11, 4:04pm

by Gareth Vaughan

Ex-Kiwibank CEO Sam Knowles says state owned bank doing as well as anyone in 'non-growth' environment

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