Photo: RNZ / Marika Khabazi
State-owned Kiwibank's $500m capital raise won't go ahead
Its parent Kiwi Group Capital cited recent RBNZ capital settings and $400m raise
KGC engaged with leading investors
Kiwibank has scrapped a plan to raise extra capital from local investors to strengthen its finances.
The state-owned bank had been working with potential investors to raise up to $500 million in new equity capital to compete better with the big four
Continue Reading on RNZ
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.