PHOTO: DOUG SAIL/STUFF Buying another bank would be a way for Kiwibank to achieve scale.
Kiwibank may need to acquire one of the country’s big banks if it is to grow, commentators say.
There have been rumours that it is seeking to acquire a competitor, potentially BNZ.
The bank said it would not comment on market speculation.
Sam Stubbs, founder of KiwiSaver provider Simplicity, said it would be a logical move for Kiwibank because it would give it scale. The bank, which has been around for almost 20 years, has less than 5 per cent of the New Zealand market.
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