Powered by MOMENTUM MEDIA
subscribe to our newsletter

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.

Advertisement
Advertisement

PROMOTED CONTENT


“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 effectiveness of the financial crimes regulator is set to go under the microscope in a new parliamentary inquiry. ...

Queensland has led the east coast for property sale settlements, beating Victoria for the first time in more than a decade, according to res...

The non-major bank has completed a $24.2-million capital raising from retail investors, as it has named a new board director. ...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.