Geneva to launch home loans
Geneva Finance says that is close to launching its own set of home loan products into the market place.
Wednesday, November 29th 2006, 8:27AM
The move into home loans is part of the group’s plans to become a diversified financial services company in New Zealand.
Geneva Finance recently reported an increase in net profit after tax from $2.2 million to $3.8 million for the year ending March 31.
Revenue increased from $21 million to $39 million, and its operating profit before tax from $1.6 million to $5.7 million.
Geneva hasn’t disclosed who is funding its home loan products.
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