The government is the country latest bank manager.
The Crown is buying Kiwi Group Holdings, the company that owns Kiwibank and the soon-to-be-sold Kiwi Wealth, from the Superannuation Fund, ACC and NZ Post.
The government says it intends keeping a sensible distance between itself and the day-to-day running of its latest asset.
The Prime Minister says it was both exciting and reassuring that the government will "safeguard" Kiwibank's long-term future in New Zealand ownership.
Finance Minister Grant Robertson spoke to Corin Dann.
