Robyn Ashkettle’s Post

We are keen to buy a stake in KiwiBank. Why? Because with Open Banking arriving, start ups will revolutionise the customer experience and be the annoying mosquito’s the big Aussie banks deserve- hooray! But we also need a locally owned 100 pound Gorilla to lend serious money and get big bank margins down. That will help put serious $$$ back into the pockets of hard working families. This needs to happen, because Fonterra doesn’t run the biggest milking operation in NZ, the big banks do. So let’s beef up KiwiBank to seriously compete in lending, and make a fair return for investors too. You really can make money and do good %)

Ask yourself, is $500 million kiwi bank capital raise to fight Foreign owned banks $7 billion annual profit significant. $500 million represents approx. 3 weeks foreign bank profits from NZ. Would a landlord suggest 3 weeks rent, say $2000, sufficient enough to fix a rental property that is falling apart to compete as a rental with an OZ owned neighbours rental ? The small scale of $500 million capital raise, 3 weeks worth of Foreign Bank profits , as the Political response to capitalise Kiwi Bank, suggests our Politians may be compromised by economic ideology. Any landlord knows 3 weeks rent to fix a major building problem would be a joke. Would this coalition Govt we voted in to fix National / Act and Labours past financial failures, please stop repeating these outrageous economic responses. We are fast running out of options.

The New Zealand government has proposed a $500 million capital raise for Kiwibank to boost its competitiveness against the Australian-owned banks. But will this move actually strengthen Kiwibank, or is it just a short-term fix that fails to address deeper issues? In my latest blog post, I explore the potential pitfalls of this capital raise: 🔍 How a weak capital ratio and low profitability leave Kiwibank vulnerable. 💼 The risks of the government’s “put option” and its implications for institutional investors. 🔎 How the government’s role as a guarantor would raise serious questions under global rules. As Kiwibank faces yet another round of funding, it’s worth asking: Will these measures get the bank back on track, or will they simply prolong its struggles? 👉 Read the full post to learn more about the challenges and risks ahead for Kiwibank and the broader New Zealand banking sector. #Kiwibank #BankingRegulation #Finance #NewZealand #BaselIII #Investment #CapitalMarkets #BankingCompetition https://lnkd.in/gWFuqF9C

Excellent thoughts on how to slowly build up Kiwibank

It's concerning to see Treasury effectively advocating for the privatisation of Kiwibank here, arguing that the "natural progression for Kiwibank in raising capital in the medium term is through an initial public offering." We need less profitable banks. Selling Kiwibank shares - whether to the Superfund, Kiwisavers or the public market - undermines the flexibility to deliver that. Public ownership (and public capitalisation) gives us the option of a bank with lower margins, and therefore lower interest rates and fees for consumers. This is how you give Kiwibank the competitive advantage, and add some real competition to the market. https://lnkd.in/greTGhra

Some positive recent quotes below from Kiwibank regarding the coming year should be great news for business owners and those aspiring to become one. ✅ "Businesses are raising their heads and looking to the future, not just facing immediate struggles.” ✅" This year has been a topsy-turvy time. But we’re putting 2024 behind us and looking to 2025, which we’re predicting will be a better year for businesses and consumers,” ✅ "It’s all about confidence,” Delgado said. “We’ve seen a marked lift in sentiment since the RBNZ began cutting rates. If you are a baby boomer and have put major decisions such as your eventual exit, on the backburner in 2024 now may well be the time to review those plans and look after your future. A Business Owner Transition structure is an option to put in the mix if you believe your business has growth potential.

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