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Heartland Group Holdings Ltd. ( (DE:73X) ) has shared an announcement.
Heartland Group Holdings Limited reported a solid performance for the first quarter of the financial year ending June 2026, with improvements in profitability and return on equity. The company saw an expansion in net interest margin and stable cost growth, despite challenging business conditions in New Zealand. Notably, the asset quality of Heartland Bank’s Motor Finance portfolio improved, while non-performing loans in Business Finance increased but are expected to improve in the next quarter. The company also made significant progress in realizing non-strategic assets, surpassing quarterly estimates, and expects continued improvement in lending performance as the year progresses.
More about Heartland Group Holdings Ltd.
Heartland Group Holdings Limited operates in the financial services industry, primarily focusing on banking and lending services. The company offers a range of products including motor finance, business finance, and reverse mortgages, with operations in both New Zealand and Australia.
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