subscribe to our newsletter
Heritage Bank awarded for ‘strong operating model’

Heritage Bank awarded for ‘strong operating model’

Heritage Bank says its positive result in a recent ratings analysis reflects Australia’s very strong financial environment as well as the bank’s low-risk asset model.

Moody’s Investors Service recently affirmed Heritage Bank’s ratings of A3/P2 following a three-month review.

Heritage chief executive John Minz said he was pleased the Moody’s review had recognised the underlying strength of the Heritage business model.

“Moody’s has acknowledged our very strong asset quality and sound capitalisation relative to our asset risk profile,” he said.

“Moody’s has also recognised that as a mutual, it does not face shareholder pressure for profit, which provides greater flexibility to manage funding and capital.

“Heritage’s business remains strong and stable, and we are investing in growth for the future.”

Heritage Bank awarded for ‘strong operating model’
mortgagebusiness

Latest News

The chairman of the Australian Securities and Investments Commission has said that the corporate regulator will move forward with more “co...

The Senate Standing Committee on Economics is set to review short-term credit providers, payday lenders, consumer lease providers, “buy no...

Weaknesses in the government’s proposed open banking implementation plan could spark a “scaremongering” campaign, a fintech has warned...

FROM THE WEB

podcast

LATEST PODCAST: Emotional intelligence and its role in managerial structure

Is enough being done to ensure responsible lending?