Ann: HALFYR: HBL: Heartland Posts Half Year Profit of $25.6m

• Release Date: 23/02/16 09:19
• Summary: HALFYR: HBL: Heartland Posts Half Year Profit of $25.6m
• Price Sensitive: No
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					HBL
23/02/2016 09:19
HALFYR
PRICE SENSITIVE
REL: 0919 HRS Heartland Bank Limited

HALFYR: HBL: Heartland Posts Half Year Profit of $25.6m

NZX Media Release

HEARTLAND POSTS HALF YEAR PROFIT OF $25.6m

23 February 2016

Heartland Bank Limited (Heartland) (NZX: HBL) achieved a net profit after tax
(NPAT) of $25.6m for the half year ended 31 December 2015 (the Current
Reporting Period), an increase of 9.0% from the previous corresponding half
year ended 31 December 2014 (the Previous Corresponding Reporting Period).
The result was driven by growth in core receivables.

Growth was achieved across all core divisions - Household, Business and
Rural.

Achievements for half year:

- Increase in profitability

- Strong growth in core receivables

- Return on equity (ROE) of 10.6%

- Amalgamation of Heartland New Zealand Limited and Heartland Bank Limited

- Announcement of a 16% increase in interim dividend to 3.5c per share

Please see attached for the full announcement.

For further information, please contact:

Jeff Greenslade
Chief Executive Officer
Heartland Bank Limited
DDI  09 927 9149
M    021 563 593

Simon Owen
Chief Financial Officer
Heartland Bank Limited
DDI  09 927 9195
M    027 629 4602
End CA:00278123 For:HBL    Type:HALFYR     Time:2016-02-23 09:19:01