News

Aussie banks dip out to Kiwi operations

Thursday 20th of May 2004
"The Australian banks as a group are losing market share in New Zealand," Merrill Lynch's Sydney-based analyst Hamish Carlisle writes in the 65-page report.

Based on Roy Morgan Research, the survey found 180,000 main bank customers switch banks every year and half of these are being lost to the likes of Kiwibank, building societies and credit unions. It said most high-value customers...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.