Articles tagged with Kiwibank
Government Backs Community Housing Providers with New Loan Guarantee Scheme to Boost Social Homes
1 month ago | 202 viewsThe Government has introduced a new loan guarantee scheme to support community housing providers in delivering more social homes at a lower cost, with banks providing debt financing at reduced rates. This initiative aims to remove obstacles and inefficiencies in social housing delivery, with the Crown guaranteeing 80% of loans to eligible providers. The scheme, available until 2027, supports up to $900 million in new lending and refinancing, empowering community housing providers to expand and improve housing accessibility for those in need.
Tags: Government community housing providers loan guarantee scheme Nicola Willis Chris Bishop ANZ ASB BNZ Kiwibank WestpacGovernment Initiatives to Boost Banking Competition Unveiled by Finance Minister Nicola Willis
2 months ago | 329 viewsFinance Minister Nicola Willis has welcomed the release of the Finance and Expenditure Committee (FEC) Inquiry into banking competition, focusing on business, rural banking, and lending to Māori entities. The inquiry supports the Government's efforts to enhance competition in the banking sector for better services for Kiwis. The report, based on submissions from 148 stakeholders and public hearings, will be reviewed by the Government for proposed action items by November 2025.
Tags: Finance Minister Nicola Willis FEC Inquiry banking competition Government Commerce Commission Kiwis Kiwibank Reserve Bank financial stabilityKiwibank Empowered to Challenge Big Four Aussie Banks with $500M Capital Boost
3 months ago | 657 viewsKiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
Tags: Kiwibank Nicola Willis Finance Minister Commerce Commission New Zealand Kiwi Group Capital Māori institutions New Zealand KiwiSaver funds stock market