Steve Jurkovich: Kiwibank CEO chats scrapped $500m capital raise
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Steve Jurkovich: Kiwibank CEO chats scrapped $500m capital raise
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About this listen
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.
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