Kiwibank profit falls to $174m as fierce competition squeezes margins

PremiumHome / Business / Companies / Banking and financeJamie GrayBusiness Reporter·NZ Herald·20 Aug, 2026 02:00 AM3 mins to read‌Kiwibank chief executive Steve Jurkovich. Kiwibank chief executive Steve Jurkovich. State-owned Kiwibank says it is interested in talking with Toi Foundation, the community trust that owns TSB, which is in the process of merging with NZX-listed Heartland Bank.

“We believe in building a stronger New Zealand-owned banking alternative for the good of New Zealanders and we consider opportunities that support

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Kiwibank profit falls to $174m as fierce competition squeezes margins

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