Heartland Bank Limited Analysis

Overview

Heartland Bank Limited (NZX:HBL) is a wholly owned subsidiary of Heartland Group Holdings Limited (NZX:HGH). Heartland Group Holdings Limited is a financial services group with operations in New Zealand and Australia.

In New Zealand, Heartland Bank Limited is a registered bank that focuses on 'best or only' banking products in three key markets: Household (which includes investment products, consumer lending, reverse mortgages and motor vehicle lending); Business; and Rural. In Australia, Heartland is a specialist provider of reverse mortgage loans and also provides funding to partners in the Small Business and Consumer Lending sectors.

Since first listing on the NZX Main Board in February 2011, Heartland has successfully progressed through several strategic phases, establishing itself as a specialist financial services group that is listed on both the NZX Main Board and ASX under a Foreign Exempt Listing.

A corporate restructure of the Heartland group was implemented in October 2018. For announcements after 1 November 2018 relating to Heartland shares, please refer to Heartland Group Holdings Limited's listing (NZX:HGH).

Performance

No performance was provided by the company.