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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

Heartland hit by CCCFA restrictions

Tighter credit rules are hampering its personal lending business.

Maria Slade Tue, 22 Feb 2022

Tighter responsible lending rules have hit Heartland Bank’s consumer finance businesses and may slow growth for the rest of the year, the company says.

Heartland has reported an 7.8% increase in net profit to $47.5 million for the six months to December, buoyed by an overall 14% growth in

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Heartland hit by CCCFA restrictions
Investment,
90589
true