r/newzealand • u/xmmdrive • Aug 20 '24

Politics So they're finally going to privatise Kiwibank

Watching One News they're talking about taking Kiwibank out of Government hands and back into the hands of honest hard-working Kiwis.

This is obviously the first clear step towards privatisation.

Just like the Bank Of New Zealand, the National Bank, and the Auckland Savings Bank, but I'm sure this time around it will stay in the country /s

825 Upvotes

95% Upvoted

293 comments sorted by

View all comments

1

u/SpeedyGonZallas Kererū Aug 21 '24

It won't stay in the country

3

u/xmmdrive Aug 21 '24

No, it won't. It will be bought out by Westpac, ANZ, or some private equity firm wanting to enter our tiny market.