News

South Canterbury has no plans to be a bank

Wednesday 16th of June 2010

Chief executive Sandy Maier, who was brought in as a change manager on a one-year contract, told investors at a roadshow in Wellington that the Timaru-based finance company wants to reduce its reliance on depositors in what will be a scaled-down business reminiscent of its more successful past, and has no desire to expand into the banking sector.

Maier is travelling around the country gi...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.