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


Kiwibank on target, National loses the plot

December 11 2003

Kiwibank on target, National loses the plot

Progressive Party leader Jim Anderton said today that it is great news that Kiwibank, the retail bank that is owned by all New Zealanders and offering competitive services, remains on target to become profitable in the 2004-2005 financial year.

"That is a positive achievement given that the bank has attracted far more customers, earlier, than originally envisaged. This means that it has had to invest more in its development, earlier than would have been the case had there not been so much popular demand for its services," Jim Anderton said.

It was reported today that Kiwibank has 198,000 customers and will have 200,000 by Christmas ? above its 165,000 target.

"In contrast to Kiwibank, which is on target, the National Party today again demonstrated that it has lost the plot and doesn't understand the role investment plays in securing future ongoing operating earnings.

"National says the foreign owned banks are closing down their networks. That was the case when this country had the misfortune to be led by a National government. These days the foreign banks are paying attention to maintaining their networks in order to compete with the New Zealand-owned Kiwibank," Jim Anderton said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Fair Pay Agreements Should Be Embraced

Are Fair Pay Agreements (FPAs) truly the work of the devil? Given the vehement response to them last week by (a) employer groups and (b) by their parliamentary friends on the extreme right, you could be forgiven for thinking these FPA things will mean curtains for commerce as we’ve known it for the past 30 years. Believe me, they won’t. Less excitable types will regard FPAs as heralding only a mild shift towards a more centralised form of bargaining over wages and conditions, much akin to what other successful economies (eg Germany) have recognised for decades... More>>


Government: Further Action Against Gang Crime

The Government will make it illegal for high risk people to own firearms by introducing Firearms Prohibition Orders (FPOs) that will strengthen action already taken to combat the influence of gangs and organised crime to help keep New Zealanders and their ... More>>


Maori Party: Whakatōhea High Court Decision

“We applaud the Whakatōhea High Court case that has now set a precedent for Māori rights and interest in their foreshore and seabed. It’s an outstanding decision because the Court recognises all reclaimed lands with significant and boating traffic” ... More>>


Judith Collins: Speech To Lower North Island Regional Conference

Good morning, delegates. It’s an absolute privilege to be speaking to you all here today as your leader. I’d like to acknowledge National Party President Peter Goodfellow, my fellow board members, my lower North Island colleagues and all of ... More>>

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>


PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>




InfoPages News Channels