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 Queensland government and lenders have begun offering financial assistance to those affected by Cyclone Niran in Queensland. ...

The CEO of Aussie Home Loans, James Symond, has forecast that broker market share will hit 70 per cent in the next five years, as more consu...

The technology company has launched a new fund designed to invest in technology scale-ups that are aiming for exponential growth. ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: How the broking industry has evolved - and what's next for Aussie

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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