Liam Dann: Could we make Westpac a Kiwi bank?
3 Apr, 2021 05:00 PM
5 minutes to read
In 1996 Trust Bank sold out to Westpac in a deal worth $1.2 billion. Photo / 123RF
In 1996 Trust Bank sold out to Westpac in a deal worth $1.2 billion. Photo / 123RF
OPINION:
I bank with it.
And as a customer I couldn t care less who owns it. But as a supporter of the New Zealand economy and financial markets I d love to see it back in local ownership.
My preferred option would be to see the government take a cornerstone stake via the Super Fund and ACC, merge it with Kiwibank and list it on the NZX.