Powered by MOMENTUM MEDIA
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.

Advertisement
Advertisement

“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

Firstmac managing director Kim Cannon is “disappointed” that Treasury rejected the non-bank’s proposed acquisition of Maleny Credit Un...

Asset finance group Consolidated Operations Group has announced that it will “scale back” its equipment leasing but will continue its as...

Half of Australian businesses have already been hit by the economic fallout from the coronavirus outbreak, with approximately 86 per cent ex...

FROM THE WEB
podcast

LATEST PODCAST: The rush to save small businesses

Do you think Australia will move to quantitative easing this year?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

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