Easy options will run out for NZ Post

NZ Post, flush from the sale of its Wellington headquarters and stake in Datacom, will be able to fund Kiwibank for two years, but then the easy options run out.

That's the message Sir Michael Cullen, chairman of the postal operator, delivered to the Commerce Committee.

The lender is expected to need $100 million during the next two years to meet the Reserve Bank's capital adequacy requirements as well as upgrade ageing systems within the bank during the next three years.

Then what? ... READ MORE

Released by Fairfax Stuff - 15 March 2013