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Government revisits partial sell-off of Kiwibank

Otago Daily Times Online News·Wednesday, 13 May 2026·20 days ago
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Corin Dann of RNZ Kiwibank has been instructed by the government to once again look at its options for long-term growth, including revisiting the possibility of partial privatisation. The taxpayer-owned bank had previously looked at raising $500 million in capital from local investors, but ditched that plan last year. The new request is included in a letter of intent to Kiwibank's parent company Kiwi Group Capital (KGC) from State-Owned Enterprises Minister Simeon Brown. "We expect KGC to undertake work on alternative growth scenarios, along with the capital required for these." Brown said. He went on to note in the letter that KGC should now engage with Treasury about how much capital might be required for different growth scenarios.…

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