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Heartland Bank Faces $49.6M Impairment Amid NZ Economic Slump
7:32am on Tuesday 18th of February, 2025 AEDT
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Financial Services
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Heartland Bank Faces $49.6M Impairment Amid NZ Economic Slump
7:32am on Tuesday 18th of February, 2025 AEDT
Key Points
Impairment expense nearly doubles to $49.6 million in 1H2025
Motor Finance and business lending portfolios most affected
Net profit after tax (NPAT) guidance narrowed to $2–5 million
Heartland Bank remains well capitalised with 14.8% total capital ratio
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