I agree too. I think it's a brilliant idea.
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I agree too. I think it's a brilliant idea.
I can only see benefits from producing this report in both English and Maori. To me it would seem to encourage Maori to invest with HNZ.
Not bothered either way about English / Maori. But it is not an expensive move, and might get them some publicity, or even one of the annual report awards. If either of those things happen, it will be cheap publicity for them.
Anybody know what Jeff is referring to in this statement from pg.5 of the interim
"A key focus area within the Household division will be the consumer finance market. Our product offering will be expanded in this market to provide products to customers who are currently under-banked by the mainstream banks."
https://www.nzx.com/files/attachments/210318.pdf
The paragraph continues (part in red) which sheds some light on meaning -
"A key focus area within the Household division will be the consumer finance market. Our product offering will be expanded in this market to provide products to customers who are currently under-banked by the mainstream banks. New technology will play an increasingly significant role in our consumer finance strategy as we continue to see customers seeking more convenient and personalised alternatives."
Not Plain English is it?
I can see their investment in Ora HQ fitting into this statement. Use Ora to find good startup businesses, help them plan their business and marketing plans using Heartland loans to grow. Normally very difficult for startups to get funding from big banks so a very interesting concept. The more I think about this HNZ investment, the more I like it. Ditto Harmoney !