Mortgage News

Kiwibank grows mortgage market share

Monday 19th of February 2007
In fact, so fast is its growth, the bank says it again needs fresh capital. To date, its parent company, New Zealand Post, has plowed in $200 million. But now Kiwibank is to go to the private sector, aiming to raise $75 million from an unsecured subordinated bond issue which will qualify as Tier 11 captial under the Reserve Bank guidelines.

Kiwibank had $204.95 million in capital at December...

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