Heartland affirms FY guidance, sees consumer lending growth of up to 10%

Fri, 31 Oct 2014

By Paul McBeth Oct. 31 (BusinessDesk) - Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, affirmed its earnings guidance for the 2015 financial year, and sees annual consumer lending growth of up to 10 percent. The Christchurch-based lender expects profit of $42 million to $45 million in the 12 months ending June 30, 2015, compared to profit of $36 million in the 2014 year, chairman Geoff Ricketts told shareholders in Auckland. The lender is on track to meet t...

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