Originally Posted by
belted galloway
Maybe it would be worthwhile reviewing their half year/annual report, where segment information relating to the rural sector is provided?
The 2014 half year notes show total rural assets as $454.564m over total group assets of $3,162.169m, which means rural assets make up 14.4% of heartlands total assets.
Net operating income from the rural segment is $11.755m over total operating income income of $70.109m, or 16.8%.
Also regarding security:
"Although the Group relies primarily on the integrity of borrowers and their ability to make contracted repayments, the Group also requires appropriate collateral for loans. This collateral is usually by way of first charge over the asset financed and usually includes personal guarantees from borrowers and business owners."