News

Shareholders chip in

Monday 10th of April 2017

Just six months after its partial sale, the bank has had to tap NZ Post, the NZ Super Fund and ACC for another $247 million of common equity, effective today.

It follows concerns from the Reserve Bank that the bank’s capital notes did not comply with its capital adequacy roles.

“Shareholders will fund proportionate to their existing shareholdings, reflecting recent announcements b...

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