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

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.

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