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26 Feb 2025 19:05
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  •   Home > News > Business

    A New Zealand bank is not committing to remaining in local ownership

    A New Zealand bank is not committing to remaining in local ownership

    29 January 2025
    Major banks have fronted on the Parliament's inquiry into competition in the sector.

    MPs are hearing Australian-owned banks able to access more capital are faring better than Kiwi counterparts.

    TSB Bank Director Mark Darrow says the question of ownership lies with shareholders - but there is value in being locally owned.

    He says they are profitable but are not getting reasonable returns.

    © 2025 Newstalk ZB, NZCity


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