Touche; great info thanks bg.
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Touche; great info thanks bg.
Thank you belted galloway.
Confirms we have no reason to be concerned over dairy lending.Dairy lending only makes a part of HNZ's profitable rural lending,and of that dairy lending we would expect it to be livestock,rather than the risky dairy conversion loans.
As always, experienced bankers are making sure they have good security and guarantees in place.
Percy, Heartland can't be perfect
What is the one thing you have a slight concern about, must be something.
Percy, Moody's upgrade Air New Zealand credit rating
Jeez, obviously no 'country risk' in their thinking
Heartland upgrade more likely now?
Yes certainly looking that way.
1]Diversified lending book.
2]Lower funding costs.
3]Secure funding base.[No overseas wholesale funding].
4]Increasing profits.
5]Higher "niche" margins,ie REL loans being 2% higher than standard mortgages,
6]No large exposure to NZ housing market.