Kiwibank responds to market study announcement


Kiwibank Chief Executive Steve Jurkovich today made the following comments on the Government’s announcement that it has asked the Commerce Commission to conduct a market study into competition in the banking sector for personal banking services.

“We note today’s announcement and expect discussions to unfold into how New Zealanders can continue to have confidence in the banking industry,” said Mr Jurkovich.

“For banks, the confidence of all their stakeholders is a critical element of our reputation and embracing scrutiny is part of that. We'll be working constructively with the Commerce Commission and sharing our views.”