Iwi companies consider Maori bank
05 May 2021 14:33 PM
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A far north iwi leader says creating some sort of Māori finance entity will be an essential step in helping post settlement iwi reach their economic goals.
Haami Piripi from Te Rarawa is at today's Iwi Asset Holding Symposium, which comes ahead of this week's Iwi Chairs hui in Porirua.
He says the regular symposia are encouraging iwi commercial entities to find ways to collaborate, which is essential if iwi don't want to keep pumping their settlements through the mainstream economy.
"One of the things the commercial entities are starting to look at is the idea of a Māori financial institution which it will provide for our needs in a way we want them provided for. Gone are the days when we need to be the square PEG that sits in the round hole," says Piripi.