Heartland Group Holdings Limited has reported a net profit after tax of $48.7 million for the six-month period ending 31 December 2022, an increase of $1.1 million (2.4%) compared to the same period the previous year.
Heartland Bank Limited is considering making an offer of up to $75 million of unsecured subordinated notes to New Zealand investors and certain overseas institutional investors.
The company also significantly increased its market share in Australia and experienced the highest growth rate in deposits of all main and domestic banks in New Zealand.
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