Kiwibank offers a full range of simple, relevant personal banking products, including transactional and savings accounts, term deposits, mortgage and personal lending, along with credit cards and international services.
Kiwibank also provides business banking products to small-to-medium-sized enterprises, including transactional and savings accounts, commercial lending, credit cards, asset finance and international and trade services.
Refer to www.kiwibank.co.nz/about-us/governance/investor-centre/ for Kiwibank Limited's disclosure statement and information on Kiwibank bonds and notes.
The following information was extracted from Kiwibank Limited's half year results, released 27 February 2025:
HY25 financial highlights:
o Kiwibank achieved net lending growth of $2 billion growing its lending book by 6% to $34.4 billion.
o Deposits increased $1.8 billion growing the Kiwibank deposit book by 6% to $30 billion (1.6 times faster than market growth).
Kiwibank Chief Executive Steve Jurkovich says:
“Over the past six months, we supported Kiwi through challenges from economic downturns to high interest rates and a subdued housing market.
“Both home and business lending grew faster than the market and deposits increased over the period. This growth underscores our commitment to driving competition that benefits everyday Kiwi and contributing to a productive economy by helping businesses to thrive.
“To support our faster than market growth we made significant investments in products, services, and technology to enhance the experience for our customers.
“This included our transformation programme, which is delivering more scalable and modern systems and ways of working, ultimately driving competition and growth.
“Another area of substantial investment was the proactive measures Kiwibank took to protect customers as part of our ongoing commitment to enhance fraud prevention capabilities. Key initiatives included expanding and developing our specialist fraud team, who are dedicated to improving the detection and prevention of fraud attempts. Additionally, in HY25, Kiwibank became one of the first banks in New Zealand to roll out the Confirmation of Payee service.
“We also continued to invest extensively in our branches, including branch relocations and branch refurbishments in Papanui, Hornby, Riccarton and New Plymouth, as well as prior changes to the Queensgate, Glenfield, St Lukes, Botany and New Lynn branches.
“Looking ahead, we expect retail and business confidence to begin to return as factors such as lower interest rates provide relief and stimulus.
“As a Purpose-led bank, we are proud to continue building a stronger asset for New Zealand with all our earnings staying right here.”
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