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Kiwibank going from strength to strength

Kiwibank going from strength to strength - Anderton

"The new figures released from Kiwibank show that the bank is going from strength to strength. It has more than doubled its profit from last year - $15.8 million, compared to $7.2 million for the corresponding period in 2005. It is almost certain that the improvement will continue that's as good as it gets!" Jim Anderton said today.

"Kiwibank has established itself in the hearts and minds of New Zealanders. The "little battler" bank is growing up to be a major player on the banking scene and although I always knew Kiwibank would be successful, I am pleased that it is proving all the critics wrong. They hoped Kiwibank would fail because it would prove their theory of private sector superiority over public sector services wrong. As the originator of the bank, I am delighted with today's news.

"It was a fatal error to sell the New Zealand owned banks - I knew it opposed it and paid a high price for my stand. I am not complaining but I would like to know where the critics of Kiwibank are now.

"Kiwibank is just a fact of life for New Zealanders now. Over 2000 new account holders join every week and have done so since the first Kiwibank branch opened in February 2002.

"Most people forget that politicians do good things in amongst the general negativity that accompanies the job. It is a shame, but there it is. I would like to put on record that a lot of good things have happened since the change of government in 1999 and I am proud to have been part of getting one of them, Kiwibank, on the road," Jim Anderton said in Wellington.


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