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Heartland's deposit reinvestment rate climbs

Friday 8th of July 2011

At June 30, Heartland had $1.6 billion in retail deposits and cash and liquid assets of $0.6 billion, or more than a third of the debenture book, the company told the stock exchange.

Its reinvestment rate in June rose to 82% compared with an average 77% in the year to date and treasurer Craig Stephen says Heartland's non-guaranteed deposits are tracking ahead of budget.

"Our atten...

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