Kiwibank approved to raise $500 million in new capital

Wednesday 30 July 2025 · 3 outlets · 4 reports · updated Wed 30 Jul 2025, 3:05pm

In this story Nicola Willis, Commerce Commission, Kiwibank

The Government has approved Kiwibank's parent company to raise up to $500 million in new capital. This move aims to help the New Zealand-owned bank compete with the four major Australian-owned banks. The capital boost could potentially support significantly higher levels of business and home lending.

How they headlined it

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10:32am11:46am3:05pm

1. StuffWed 30 Jul 2025, 10:32am

   Kiwibank approved to raise $500m in capital, in bid to increase banking competition (opens in new tab)

   • Not-so-Kiwibank? Willis opens door to partial sale (opens in new tab) Wed 30 Jul 2025, 3:05pm
2. 1NewsWed 30 Jul 2025, 10:49am

   Kiwibank greenlit to raise $500m capital to challenge big four banks (opens in new tab)

3. NZ HeraldWed 30 Jul 2025, 11:46am

   Government gives Kiwibank green light to get $500 million capital injection from private sector (opens in new tab)