RESIMAC takes full control of home loan book
Thursday, November 28th 2013, 7:13AM
RESIMAC today announced the successful purchase of the remaining 20% stake in RESIMAC Home Loans, held by the NZF Group. This purchase will see parent company, RESIMAC Limited, take 100% ownership of RESIMAC Home Loans.
In 2011 RESIMAC Limited, the Australian based non-bank lender, acquired an 80% shareholding in the NZF Group’s home loan business in order to expand its operations into New Zealand.
“This is an exciting step forward for RESIMAC Home Loans. We have continued to expand our New Zealand operations and this latest announcement shows we are committed to investing in the New Zealand market for the long term” Said Adrienne Church, General Manager Mortgages
of RESIMAC Home Loans.
| « Higher-equity borrowers pick up mortgage slack | Chances of an OCR increase early next year rise » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
