NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Companies / Banking and finance

Summer questions: Kiwibank CEO Steve Jurkovich says the next phase of recovery may be even more challenging than 2021's lockdown

Tamsyn Parker
By Tamsyn Parker
Business Editor·NZ Herald·
23 Dec, 2021 10:00 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Kiwibank chief executive Steve Jurkovich. Photo / Supplied

Kiwibank chief executive Steve Jurkovich. Photo / Supplied

How would you describe 2021 for your business?

A really fascinating/interesting balance of challenges, volatility and trying to not get too distracted by factors we couldn't really influence. Previous turbulent times has led me to believe that the best thing to do is to "try and control the controllable".

How is your business planning to tackle 2022?

I'm hopeful that 2022 will see us adjust and adapt to a return to our workplaces while retaining the benefits that we have developed from being more flexible around working from home. Kiwibank is really focused on delivering on our purpose of Kiwi making Kiwi better off. We want to balance purpose and performance and I'm sure 2022 will bring lots of opportunity for us to do that, and to reinforce the unique role Kiwibank has to play in Aotearoa.

What will be the major challenges and/or opportunities for your industry?

Advertisement
Advertise with NZME.

The banking industry will need to continue to support businesses and individuals recover. That means staying close to customers as the next phase of the recovery may be even more challenging than navigating the extended lockdown period of 2021. I think the challenge and the opportunity is for banks to demonstrate their continued support for customers and the broader economy. Banks will need to take a medium-term view on the recovery and offer a stable approach to the risks and the recovery.

How do you think the Government has handled the Covid-19 crisis?

There is no perfect plan and no country delivered a perfect playbook. It's such a wicked problem to deal with that regardless of your political and social views, and I think you have to acknowledge that. I'm a big believer that there is always more than one "right way" and the right way heavily depends on your view of the world and your context. I guess that there were also plenty of times where the Government and businesses had to choose the least worst option.

Advertisement
Advertise with NZME.

What are two key things the Government should do for economic recovery?

The revitalisation of immigration by opening our borders in a timely, effective and safe way is the single biggest enabler from my point of view. New Zealand is a much more vibrant and richer place when it welcomes visitors, migrants and Kiwi returning and departing in a safe and open way.

There is also a lot of opportunity to leverage business and government working to deliver meaningful policy, social impact and innovation to life by working together. It feels like there has been an increasingly separate approach between government and business in relation to testing, borders, MIQ, tourism and hospitality. At Kiwibank we have a mindset that we try to focus on which is tapatahi. That's a mindset that seeks to focus on the fact that we are better together.

What was the most interesting non-Covid story of 2021?

Interesting isn't the right word but the most inspiring story for me was of the late Jemima Gazley who, when battling the disease which took her life, worked selflessly to raise money to go towards research for a cure to benefit others. The courage, humour, strength and generosity from her was incredible. For her and her family to face that challenge with such grace and compassion was simply incredible.

What are your predictions for 2022?

That 2022 will see us adjust and adapt to a different normal. I'm really hopeful that New Zealand can be a more cohesive place where we can disagree without being disagreeable.

What's the worst mistake you've made in business?

Advertisement
Advertise with NZME.

There are so many it's pretty hard to pick. The ones I regret the most are where I feel like I haven't invested the proper time to really listen, be really present and understand how people are really feeling about the things that are most important to them. I find it's pretty easy to fall into a mode where it's about the jobs to be done rather than a shared understanding of our why and a sense of progress and growth.

What would you rate as your greatest success in business?

Finding, attracting and retaining the best people you can and getting out of their way so that they can leverage their superpowers.

Where are you holidaying this summer?

North of Auckland in the Matakana area. It's 100 per cent my happy place, my mother's family have deep roots in Mangawhai going back many generations so that broader area feels like a place I can belong.

How has the media reported Covid and what's your view of the Fourth Estate?

In a world where algorithms dominate our feeds and create a world where we see news that is heavily curated, then a strong and independent Fourth Estate has probably never been more critical. I'll also admit to a frustration with click bait, I'm looking forward to a break from that for a few weeks.

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Banking and finance

Business|companies

House prices to be 20% lower in real terms by mid-2030s - forecast

18 Jun 08:42 PM
Business|companies

Major banks halt over-counter deposits into others' accounts

15 Jun 07:37 PM
Interest rates

Final big bank drops home loan rates after OCR cut

12 Jun 05:52 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Banking and finance

House prices to be 20% lower in real terms by mid-2030s - forecast

House prices to be 20% lower in real terms by mid-2030s - forecast

18 Jun 08:42 PM

House prices will be 20% lower in real terms by the mid-2030s than in 2021.

Major banks halt over-counter deposits into others' accounts

Major banks halt over-counter deposits into others' accounts

15 Jun 07:37 PM
Final big bank drops home loan rates after OCR cut

Final big bank drops home loan rates after OCR cut

12 Jun 05:52 AM
ASB offers $150,000 interest-free loans for farm solar systems

ASB offers $150,000 interest-free loans for farm solar systems

09 Jun 11:51 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP