
Mortgage News
NZF limiting new loans to $750,000
Friday 3rd of June 2011
"This should ensure that significant loan impairment allowance movements and bad debt costs are restricted in future and ultimately result in NZF's property finance division returning to profitability," says chief executive Mark Thornton.
The division's $5.1 million in loan impairment and bad debt costs resulted in NZF Group reporting a $4.8 million net loss for the year ended March.
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