Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Anderton welcomes Kiwibank

5 November 2001 Media Statement

Anderton welcomes Kiwibank

An important step in guaranteeing better banking for New Zealanders….

“The Kiwibank with its new board is a solid foundation for the new nationwide bank owned for and by New Zealanders,” Deputy Prime Minister Jim Anderton said today.

"Kiwibank is an excellent choice of name by NZ Post, as is the selection of specific Kiwibank board members.

“Richard Westlake, Ian Fitzgerald, and Adrienne Cleland joining the NZ Post board members, and Elmar Toime, NZPost Chief Executive under the chairmanship of Jim Bolger in forming the Kiwibank board, shows a commitment to a long term future for the new bank.

Jim Anderton says he knows that the announcements today will give confidence to the hundreds of thousands of New Zealanders who will be the Kiwibank’s new customers.

“The Kiwibank will only need a fraction of the number of customers that say they will change banks in order to be successful; 100,000 customers over three years represents only 5 per cent of the banking market.

“There are those in the opposition who say that New Zealanders are not good enough to run or own our own bank. The Kiwibank which will be run by our most respected enterprise, NZ Post, will show they are wrong.

“It is also a strong endorsement for the bank to see the foreign owned banks improve their services and customer relations since the new bank became a serious proposal over a year ago,” said Jim Anderton.

Jim Anderton sees the benefits of the new bank as cheaper fees, the retention of banking profits in New Zealand, new services such as banking for children, more branches at convenient locations and greater flexibility for opening hours for bank customers.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels