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Men's Weekly

why Westpac could struggle to find the right buyer for its NZ subsidiary

  • Written by David Tripe, Associate Professor in School of Economics and Finance, specialising in Banking, Massey University
why Westpac could struggle to find the right buyer for its NZ subsidiarywww.shutterstock.com

The recent announcement that Westpac is “reviewing” ownership of its New Zealand business caused some speculation the decision might be due to the bank’s lower profitability. But this would be unlikely grounds for a sale, and was more a consequence of COVID-19’s impact than anything.

In fact,...

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