Kiwibank Ltd. 7.38 % Non-Cum Perp Pfd Registered Shs 2024-Perpetual
NNZX:KWBHB103.50
NZD
+0.10
(+0.10%)
Kiwibank Ltd. 7.38 % Non-Cum Perp Pfd Registered Shs 2024-Perpetual
NZX:KWBHB
(New Zealand Exchange)
Recent
price
103.50
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Kiwibank Limited is a New Zealand-based registered commercial bank that provides a comprehensive range of retail, commercial, and wealth management financial products and services to personal, small-to-medium enterprise, and corporate clients throughout New Zealand. Founded in 2001 and headquartered in Wellington, New Zealand, the bank operates as a direct subsidiary of Kiwi Group Capital Limited, a Crown-owned entity of the New Zealand Government. Kiwibank operates primarily through two core business segments: Personal Banking and Business Banking. The bank's product and service portfolio encompasses personal banking solutions, including transaction accounts, high-interest savings accounts, and term deposits; residential home loans, including fixed-rate, floating-rate, and offset mortgages; credit cards, personal loans, and overdraft facilities; life, contents, vehicle, and home insurance products distributed in partnership with third-party underwriters; business and commercial banking services, including business transaction accounts, commercial property loans, equipment finance, working capital facilities, and trade finance; treasury and merchant services, including payment processing terminals, foreign currency accounts, international money transfers, and interest rate and foreign exchange hedging solutions; and wealth management services, including KiwiSaver scheme distribution and investment deposit products. The bank delivers its services through digital channels, comprising mobile banking applications and online banking platforms, alongside a nationwide network of physical branches and regional business banking hubs across New Zealand. In recent developments, Kiwibank completed the issuance of NZ$250 million in 7.38% non-cumulative perpetual preference shares listed on the New Zealand Stock Exchange (NZX: KWBHB) to reinforce its Additional Tier 1 regulatory capital position in accordance with Reserve Bank of New Zealand prudential standards. Additionally, the bank continues to execute a multi-year technology transformation program to modernize its core banking infrastructure and enhance automated digital onboarding capabilities, while expanding its sustainable finance framework with green residential lending discounts and sustainability-linked commercial facilities to support nationwide market share growth.