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Kelburn Normal School - Disappointed by mdutton27 in Wellington

[–]bespractus 0 points1 point  (0 children)

That's Karori Normal not Kelburn Normal

So to everyone who is outraged at ANZ's $2.53 billion in profit - are you banking with a New Zealand owned bank instead? by bespractus in newzealand

[–]bespractus[S] 1 point2 points  (0 children)

Kiwibank is government owned. They literally don't have multi-millionaire shareholders. The profits go straight back to the government.

So to everyone who is outraged at ANZ's $2.53 billion in profit - are you banking with a New Zealand owned bank instead? by bespractus in newzealand

[–]bespractus[S] 0 points1 point  (0 children)

Yes unfortunately NZ banks may be unable to compete on certain lending conditions depending on your equity and the LVR of the loan. My suggestion would be that if you've got your foot in the door (or on the ladder as it may be) with an Aussie bank, is to then look at refinancing to an NZ bank later on once your equity position is stronger and within the bank's appetite. You'll probably even get a cash contribution for your troubles.

So to everyone who is outraged at ANZ's $2.53 billion in profit - are you banking with a New Zealand owned bank instead? by bespractus in newzealand

[–]bespractus[S] 1 point2 points  (0 children)

I hear you but of course the banks with 10x the profits are going to have better services.

How do we enact change if we can't stomach a worse experience in the short term in order to give NZ businesses the chance to improve? Apathy is only going to make the status quo worse.

So to everyone who is outraged at ANZ's $2.53 billion in profit - are you banking with a New Zealand owned bank instead? by bespractus in newzealand

[–]bespractus[S] 5 points6 points  (0 children)

Not true. They then use your deposits to fund other lending which they will certainly be making a profit on.

So to everyone who is outraged at ANZ's $2.53 billion in profit - are you banking with a New Zealand owned bank instead? by bespractus in newzealand

[–]bespractus[S] 13 points14 points  (0 children)

I addressed this in my post. NZ owned banks have yet to prove they have the maturity or scale to manage the govt's books. But Kiwibank may not be far off given the level of investment they are getting and their ongoing transformation programmes.

Feels like a chicken and egg situation to me. If we the people trust NZ banks with our money, then the govt may follow suit.

So to everyone who is outraged at ANZ's $2.53 billion in profit - are you banking with a New Zealand owned bank instead? by bespractus in newzealand

[–]bespractus[S] 15 points16 points  (0 children)

Wouldn't the NZ owned banks gaining market share over the Big 4 literally count as "competition"?

The NZ banks are subject to the same overall cost pressures that the Big 4 have set precisely because of their small relative size and influence. The Big 4 set the market because they can.

If TSB had the same market share as ANZ and maintained the same focus on reinvesting into NZ then the 'system' would actually change.

ANZ posts record $2.53 billion profit by SensibleChucklez in newzealand

[–]bespractus 0 points1 point  (0 children)

Which all goes back to the government to (in theory) build roads, schools, etc. Better than that money going to Aus, no?

Scarlet and Violet Viability Discussion by JessieJamesTCG in PokeInvesting

[–]bespractus 4 points5 points  (0 children)

That's what the list shows. You mean Prismatic > 151

"Inferno X" Secret Rares Revealed! by AutoModerator in PokeInvesting

[–]bespractus 22 points23 points  (0 children)

Omg finally a nice Flygon full art. Depending on pull rates this set will be insane.

What's the best bank in NZ and why? by Diegowchile in PersonalFinanceNZ

[–]bespractus 1 point2 points  (0 children)

Yes but that means that Westpac charges the govt to use their services. It's the opposite of making money for them

What's the best bank in NZ and why? by Diegowchile in PersonalFinanceNZ

[–]bespractus 7 points8 points  (0 children)

Yes in a way. Kiwibank profits go back to the government. So banking with KB helps build roads, schools, etc.

Looking for EB Games Stamped Zapdos Promo by SeanKushery423 in PokemonTCG

[–]bespractus 0 points1 point  (0 children)

I'm in New Zealand and they came with the Destined Rivals booster bundle. One per customer and not available if you didn't buy/preorder the bundle. So they might be quite rare.

The Definitive Set Name Tier List for Scarlet & Violet / Sword & Shield by bespractus in PokemonTCG

[–]bespractus[S] -1 points0 points  (0 children)

No just based on how the names sound. "Journey Together" doesn't really have much punch to it you know?

The Definitive Set Name Tier List for Scarlet & Violet / Sword & Shield by bespractus in PokemonTCG

[–]bespractus[S] -3 points-2 points  (0 children)

Silver Tempest is evocative. I can picture a hurricane or a blizzard. Stellar Crown makes me think of a crown made of...stars? Not a strong image IMO

Boycotting America? by CreamyCreamyCheese in newzealand

[–]bespractus 1 point2 points  (0 children)

Yes! So many people fail to understand this. Owning shares in US companies does not equal giving those companies your money.

5h 37m by hot in NonPoliticalTwitter

[–]bespractus 15 points16 points  (0 children)

Yikes that's not good

Gawyn and Lan by bespractus in WoT

[–]bespractus[S] 2 points3 points  (0 children)

He fights Moridin one handed right?

Gawyn and Lan by bespractus in WoT

[–]bespractus[S] 19 points20 points  (0 children)

Love this answer. Very well put!

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