Update: Heartland Bank's lending growth spurs 7% profit growth
Heartland suffered "teething problems" with its new banking system.
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Hawke’s Bay
Heartland Bank’s [NZX:HBL] first-half net profit growth was subdued by a combination of doing more lower-risk, lower-margin business, teething problems with its new core banking system and higher charges for bad debts.
The bank’s net profit for the six months ended December rose to $31.1 million
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Jenny Ruth
Tue, 20 Feb 2018
Tue, 20 Feb 2018
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Update: Heartland Bank's lending growth spurs 7% profit growth
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