sign up log in
Want to go ad-free? Find out how, here.

Heartland Bank won't merely be a passive investor in P2P lender Harmoney, bank's CEO says

Business
Heartland Bank won't merely be a passive investor in P2P lender Harmoney, bank's CEO says
<a href="http://www.shutterstock.com/">Image sourced from Shutterstock.com</a>

By Gareth Vaughan

Heartland Bank CEO Jeff Greenslade says the bank doesn't plan to be a passive investor in New Zealand's first licenced peer-to-peer (P2P) lender Harmoney.

Yesterday Heartland said it was buying a 10% stake in Harmoney and would lend a "meaningful" sum of money through its online platform.

This is an abridged version of this article. The full version was published in our email for paying subscribers. See here for more details and how to subscribe.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.