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Kiwibank reaches 100,000 customers

Kiwibank reaches 100,000 customers

Jim Anderton is pleased to hear that Kiwibank has reached 100,000 customers two years ahead of schedule.

“The policy of allowing New Zealand Post to operate Kiwibank has been as successful as I expected it would be. Already it is near break even.

“I knew there would be a high level of support for the bank from new Zealanders, and the business plan, which anticipated 100,000 customers over three years seemed achievable. But for the new bank to reach this target in less than a year is stunning.

“The Kiwibank has allowed New Zealand consumers more choice in their banking options, particularly the opportunity to have a fully owned nationwide New Zealand bank.”

“New Zealanders are able to make up their own minds about where they will bank and I am pleased many New Zealanders are making the most of this opportunity.

“Strong competition in the New Zealand banking sector helps to keep down interest rates and provides more competition. That’s got to be good for every New Zealander,” said Jim Anderton.

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