Heartland's 'key partnership' with Harmoney effectively ended in 2020
newscatcher
2022-08-04 03:30
Heartland's 'key partnership' with Harmoney effectively ended in 2020
Opinion Group deputy chief executive Chris Flood failed to 'articulate' the end of the Harmoney partnership. (Image: NZME) What Heartland Group has previously described as a 'strategic partnership' with Harmoney effectively ended in early 2020, but Heartland has been unable to point me to when it disclosed that fact.Because of that, Heartland's funding of retail personal non-bank lender Harmoney is in runoff mode, even though Heartland was talking about 'limited loan growth' of personal loans when it reported its first-half results in February.

https://businessdesk.co.nz/article/opinion/heartlands-key-partnership-with-harmoney-effectively-ended-in-2020

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