National Gubbinment, PLEASE sell Kiwibank!

[RantyDave]

Governments are for doing stuff like defence (remember when we used to do that?) and the economy. Not banks and train sets, what's next? A government owned supermarket?

Governments should buy/pay for/do things which benefit the population more than the owners of the facilities in question. Hence roads. A health system. An education system (kinda). Or "train sets". And if a government owned bank benefits the population more than it benefits the population more than it costs then we should have it. And if broadband infrastructure benefits the population more than it costs then we should have that too.

Dave

[Dino]

Ignoring all the side issues and political statements. All I am asking is if the so called "management" at NZ Post/Kiwibank see people lined up out the doors everyday why not do something about it, or are they happy to see their customers standing in line for half an hour??

.

[Patch]

I remember going to the Post Office and doing some banking, now we go to the bank to do our post officing.

No how frustrating it can be a Swoop. At least in the ole days they used to speak engwish, fark knows wot they call it these days.

[Swoop]

I remember going to the Post Office and doing some banking, now we go to the bank to do our post officing.

No how frustrating it can be a Swoop.

I'm definately going to try just that. The next time I need to post a parcel, I'm going to take it to ASB Bank and see what their reaction will be...

[MisterD]

Governments should buy/pay for/do things which benefit the population more than the owners of the facilities in question. Hence roads. A health system. An education system (kinda). Or "train sets". And if a government owned bank benefits the population more than it benefits the population more than it costs then we should have it. And if broadband infrastructure benefits the population more than it costs then we should have that too.

Q:How much has Kiwibank cost for 3% market share?

A: we don't really know, because the subsidy is hidden in the post office numbers

Q: Where is the world do 100% state-run institutions actually give decent outcomes?

A: Cuba. Obviously no trade-offs on anything else then. [/sarcasm]

[Quasievil]

yeah sell it, if anyone would want it !!!

Stick KIWI in front of anything and the mindless thinks its a national fucking icon.
What business has the government got in banking anyway

[Mikkel]

Most other NZ banks are dinosaurs compared to Kiwibank. Old, absolete and australian... a bit like Holdens really.

Any kind of innovation on the banking scene is very welcome I have to say. Banking here is very expensive and full of hidden fees and all sorts of bullshit. You really ought to appreciate any bank that tries to change that - not to say that Kiwi bank is perfect by any means.

[oldrider]

New Zealand "is" a Socialist country!

Socialist's want the government to control "EVERYTHING"!

Big business "out"

Big government "IN"

Socialist majority happy!

God help us, Cuba of the South Pacific coming up. John.

[Mully]

absolete

Isn't that a type of vodka?

Absolete Banking.....

I actually like the idea of Kiwibank. I do idly wonder if the only reason they are making money is because the have got the "Branches" inside Post Offices (costs being disguised in NZ Post's overheads), which blows out NZ Post's service delivery if they only have one queue. (and if you have tried to get anything resembling service from NZ Post recently....... ye gods)

[Ixion]

Kiwibank pay market rates to NZ Post for the services and space they use. There is no subsidisation or "free rides" except maybe at the very high strategic level (ie I don't suppose they pay for strategic input provided by the Minister, whereas another bank might have to pay a Chairman of the Board for that)

[Mully]

Kiwibank pay market rates to NZ Post for the services and space they use. There is no subsidisation or "free rides" except maybe at the very high strategic level (ie I don't suppose they pay for strategic input provided by the Minister, whereas another bank might have to pay a Chairman of the Board for that)

Really?? That's interesting.

Of course, they will be paying less than the market rent of a full branch (they are only renting a percentage of the shop). Plus staff that do both roles will be paid by both companies, so there will be some savings there.

Still, that's pretty impressive to be paying market rates. They must be doing something right to still be making money.

We aren't with them because their mobile mortgage person refused to return three e-mails and three phone calls when we swapped banks.

[avgas]

Most other NZ banks are dinosaurs compared to Kiwibank. Old, absolete and australian... a bit like Holdens really.

Any kind of innovation on the banking scene is very welcome I have to say. Banking here is very expensive and full of hidden fees and all sorts of bullshit. You really ought to appreciate any bank that tries to change that - not to say that Kiwi bank is perfect by any means.

Errr.... you new here aren't you.
You see this is what they do to entice you....sink their teeth in.
They don't drain your blood for another 2-5 more years i reckon.

I went to an aussie bank many years ago as i did not want to be bleed dry for the sake of the country. Never looked back and now i actally make money in a savings account. Not only that but i do not have to worry about any NZ finance co. collapsing.

Signed
"Another Bitter PostBank victim"

[merv]

God help us, Cuba of the South Pacific coming up. John.

Are you trying to tell us that the great metropolis of Otematata will actually be different with a change of government?

I reckon you guys will just keep on keeping on like you always have.

I thought your mrs was a pensioner now too, so she'd be happy to keep a socialist government wouldn't she

[Dilligaf]

Yeah we got cheap power like Max Bradford promised, and Telecom gives us a fantastic world class internet network, and AirNZ did so well investing in Ansett etc etc.....

.

Crikey! I almost thought you were serious for a minute.

Any kind of innovation on the banking scene is very welcome I have to say. Banking here is very expensive and full of hidden fees and all sorts of bullshit. You really ought to appreciate any bank that tries to change that - not to say that Kiwi bank is perfect by any means.

You are joking right? We're with Westpac and pay ZERO fees. If you have a mortgage with a bank, tell them that's enough money they are getting and organise your accounts so that you are not paying extra. Our mortgage is with Westpac as are our other accounts and we pay no fees for anything. The secret is to ask.

[Sanx]

Q: Where is the world do 100% state-run institutions actually give decent outcomes?

If you talk public transport systems, then France, Germany, Switzerland. Most countries have a government-owned postal service too.

There are some things that governments should provide as a state-run service: healthcare, public transport, highways infrastructure - nationwide things of that nature. I'd also be tempted to add telecommunications into that list, in this connected age. Everything else should be left to the market.