Excess Aussie bank profits are now costing every New Zealander a thousand dollars a year.
That's the claim from Sam Stubbs, Chief Executive of Kiwisaver provider, Simplicity, who is pushing for a Government inquiry into the profits of the big four Aussie banks.
On Thursday, BNZ posted a half-yearly profit of 805 million dollars - up 13 percent as growing numbers of people struggle to pay their home loans.
Sam Stubbs spoke to Ingrid Hipkiss.
