Oireachtas Joint and Select Committees
Tuesday, 4 September 2018
Joint Oireachtas Committee on Communications, Climate Action and Environment
Impact of Retirement Packages for Postmasters: Discussion
2:00 pm
Mr. Gerry Duddy:
Deputy Harty asked how quickly the bank could become profitable. In its third year, Kiwibank made $7 million. Its profits continued to increase to the current figure of over $100 million per annum. There is talk in New Zealand of allowing it to keep a good percentage of that profit to further develop the bank in New Zealand.
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