Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

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

Heritage records ten consecutive years of profit

Staff Reporter 1 minute read

Heritage Building Society has announced its tenth straight year of profit, reporting a before tax full year profit of $35.902 million for the period ended 30 June 2009.

The profit represents a 22.3 per cent increase on last year’s results.

Loan approvals for the period totaled $1.420 billion, Heritage chairman Brian Carter said in a statement.

The society also recorded an arrears rate of just 0.296 per cent.

“Our results for the period have been exceptional given the difficult credit conditions,” Mr Carter said.

“The Society continues to find innovative solutions, including becoming the first of our peers to establish an Exchange Settlement Account with the Reserve Bank of Australia.”

Heritage records ten consecutive years of profit
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Renee blethyn NextGen.Net appoints head of broker

NextGen.Net has appointed its inaugural national head of broker ...

BBS Summit 2021 ta Better Business Summit and Awards Sydney postponed

Due to the ongoing COVID-19 resurgence in Sydney, the NSW leg of ...

Andrew Moulds Darren Smith ta Lend adds FleetPartners to platform

Lend has integrated vehicle fleet leasing and fleet management pr...