Business
Westpac boss says the Govt gets the best value banking in NZ as Westpac goes head to head with rivals to try and retain its long running contract
4th Nov 14, 4:00pm
by
By Gareth Vaughan
Westpac's acting CEO David McLean says the bank's confident it could meet the bulk of the Government's future banking needs single handedly, and people would be surprised at what "fantastic value" the Government's getting out of its existing deal with Westpac.
The Ministry of Business, Innovation and Employment (MBIE) last month received expressions of interest in the Government's banking business, which has been held by Westpac since the 1980s, but which MBIE tendered for earlier in the year.
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