Associate Minister for State-Owned Enterprises Shane Jones has slammed Kiwibank’s board of directors – telling RNZ’s Morning Report that they need to “get out of the pulpit”. The bank has published a “responsible business banking policy” which it says outlines its commitment to “protecting the best interests of New Zealanders and the environment”. READ MORE:* NZ First-linked company in government loan bid says it met with Shane Jones* NZ Post reports $121 million loss due to declining letter volumes* Battling to keep up mail volumes, NZ Post appoints new chairpersonBut Jones was unimpressed and said he was seeking a “please explain” meeting with NZ Post board chairman Rodger Finlay. New Zealand Post owns 53 per cent of Kiwibank owner Kiwi Group Holdings. “The board of the bank’s gone bonkers.”In a statement, Kiwibank spokeswoman Kara Tait said: “Kiwibank, like all banks, is always considering the industries we should or should not be providing financial support to.

Source: Stuff July 22, 2020 22:52 UTC