Heritage Bank, Australia’s largest customer-owned bank, announced full year results for 2014/2015 this week. The results were mixed with pre-tax profit and net profit declining by 4% and 6% respectively while total consolidated assets grew 0.4% to $8.557 billion. Heritage’s capital adequacy ratio was 13.37% and its liquidity ratio was 19.39%, above regulatory requirements. CEO John Minz said the 2014/15 year was one in which Heritage accelerated its transformation journey...
| Domestic Income Funds | Yield* | Assets |
|---|---|---|
| Coolabah Floating-Rate High Yield (Mngd)-Ast Inv | 9.19% | Alternative Fixed Income |
| Coolabah Short Term Income (Managed) | 5.42% | Alternative Fixed Income |
| Coolabah Short Term Income-Assisted | 5.82% | Alternative Fixed Income |
| Coolabah Short Term Income-Direct | 5.42% | Alternative Fixed Income |
| Finexia Childcare | 10.00% | Childcare Credit |
| Finexia StayCo | 10.00% | Accommodation |
| Barings | 9.00% | Real Estate |
| Qualitas Real Estate (QRI) | 9.00% | Real Estate |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24