Heartland needs to lift return on equity: Greenslade

Heartland needs to lift return on equity: Greenslade
Jenny Ruth
Heartland Group Holdings needs to lift its return on equity closer to comparable benchmarks in Australia, managing director Jeff Greenslade told shareholders at today's annual meeting. "Despite exceeding benchmark rates of peers in terms of receivables growth, net interest margin and cost-to-income ratio, ROE is at the low end of expectations," Greenslade said. Comparable benchmarks in Australia suggest a range of 11-to-15 percent and Heartland produced headline ROE of 11.1 percent in the year ended June. Excluding one-off costs, ROE t...

More Finance

NZ insurance firm Omni bought by UK giant Howden
Finance

NZ insurance firm Omni bought by UK giant Howden

Howden has been on a shopping spree in NZ over the past few years.

John Anthony 17 Oct 2025
New open-banking regulations confirm phased Dec 1 start
Finance

New open-banking regulations confirm phased Dec 1 start

Open-banking regulations confirm Dec 1 start for biggest banks, prohibit fees and levies.

Staff reporters 16 Oct 2025
Sharesies unleashes crypto coins on platform
Finance

Sharesies unleashes crypto coins on platform

The average spend during the beta launch has been about $1,000.

Gregor Thompson 15 Oct 2025
Otago a lukewarm jewel of economic temperature: survey
Finance

Otago a lukewarm jewel of economic temperature: survey

An economic thermometer reveals a cool-to-cold mood hanging over NZ, with Otago lukewarm.

Staff reporters 15 Oct 2025