Article tagged with 'Heartland'
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Heartland to buy TSB
02 Jun 2026 - Heartland Group is taking over TSB paying the Taranaki-based bank $620 million in cash, shares and a $264 million two-year vendor loan.
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Heartland expects 18% reverse mortgage growth in NZ
22 Aug 2025 - Heartland Group grew its reverse mortgage business in New Zealand by 15.5% with growth in total net lending slowed by higher repayments while the Australian business grew 18.5%.
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Heartland launches a bridging loan to finance retirement village purchases
13 Mar 2025 - Heartland Bank is extending its reverse mortgage offering to include a kind of bridging finance for those wishing to buy a unit in a retirement village.
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Heartland's reverse mortgage growth slows: Online home loans closed
28 Feb 2025 - Growth in Heartland Group’s reverse mortgages continues at double-digit rates but has slowed from the 2024 financial year from 20% to 15% in the six months ended December.
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Heartland writes off nearly $50m, says reverse mortgages still strong
19 Feb 2025 - Heartland Group says the quality of its reverse mortgage and livestock portfolios remain strong and its recently acquired Australian bank is unaffected even as it announces $49.6 million of impairments for the six months ended Dec 31.
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Heartland gets new CEO
24 Sep 2024 - Heartland gets a new chief executive earlier than expected and shuffles its senior management team.
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Heartland reverse mortgages grow 20%, online-only home loans sink
29 Aug 2024 - Heartland Group's reverse mortgages continued to grow at 20% through its 2024 financial year, the same rate as in 2023, but its online-only home loans fell by 0.6%.
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Debt consolidation helps drive Heartland reverse mortgage business
29 Aug 2023 - Heartland Bank debt consolidation is one of the reasons behind the growing loan balances in its New Zealand reverse mortgage book.
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Heartland's reverse mortgages grow at more than 20%
29 Aug 2023 - Heartland's reverse mortgage businesses grew at more than 20% in the year ended June, the fastest of all its operations.
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Competition is coming for Heartland's online mortgages
13 Jun 2023 - Heartland Bank's online mortgage product could soon be facing greater competition as early as May next year when the four major banks have to be ready for open banking.