New Zealand financial services company Heartland Group plans to use the deposit funding available to it through its acquisition of Challenger Bank to expand its reverse mortgage and livestock finance businesses in Australia and move into new areas such as auto and asset finance.
Heartland Bank gets indicative APRA & RBNZ approval to be the first New Zealand registered bank to acquire an Australian Authorised Deposit-Taking Institution
Heartland Group Holdings Limited has received indicative regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank