Latest Specialist Lending News

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Heartland Posts 140% Profit Surge, Eyes NZ Challenger Scale with TSB Merger

Heartland Group Holdings delivered a striking 140% jump in net profit for FY2026, underpinned by margin gains and asset quality improvements, while advancing a transformative merger with TSB to create a major New Zealand challenger bank.

Claire Turing

20 Aug 2026

General Finance’s Credit Rating Upgraded to BB+ with Stable Outlook

General Finance Limited has earned a credit rating upgrade to BB+ with a Stable Outlook from Equifax, reflecting robust loan book growth and strong financial discipline.

Claire Turing

4 Aug 2026

Heartland to Merge with TSB Creating New Zealand’s Seventh Largest Bank

Heartland Group Holdings has agreed to acquire TSB Bank for NZD 620 million, merging the two into a challenger bank with $18 billion in assets and expected 20% EPS accretion.

Claire Turing

2 June 2026

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