Commercial Banks
Company Overview of Heritage Bank Limited
Company Overview
6th Floor
400 Ruthven Street
Toowoomba, QLD 4350
Australia
Founded in 1875
704 Employees
Key Executives for Heritage Bank Limited
Heritage Bank Limited Key Developments
Heritage Bank Limited reported unaudited consolidated earnings results for the six months ended December 31, 2012. For the period, the company reported net interest income of AUD 68,055,000 against AUD 59,857,000 a year ago. Profit before tax was AUD 27,887,000 against AUD 21,054,000 a year ago. Profit after tax was AUD 19,558,000 against AUD 14,735,000 a year ago. Net cash flows from operating activities was AUD 4,543,000 against AUD 25,178,000 a year ago. Acquisition of property, plant and equipment was AUD 3,187,000 against AUD 3,411,000 a year ago. The pre-tax profit was up 32.5% on the AUD 21.054 million in the same period the previous year. A large part of this increase is due to the gain made on the sale of Visa shares and fair value adjustments required under Australian Accounting Standards and International Financial Reporting Standards.
Heritage Bank Limited, Annual General Meeting, Oct 24, 2012., at 14:30 E. Australia Standard Time. Location: 6th Floor, Heritage Plaza. Agenda: To receive the annual report and financial report including the directors report and the auditors report for the year ended June 30, 2012; to re-elect directors; to adopt remuneration report; to approved directors' remuneration; to approve retirement benefits to Mr. David Thorpe; and to approve amendment to the constitution.
Heritage Bank Limited has announced that Brian Carter will step down both as the chairman and as a director of the board. Deputy Chairman Kerry Betros will take over the position of Chairman. Mr. Betros has been a director of Heritage since 1991 and Deputy Chairman since July 2011. He is the Managing Director of well-known Darling Downs fruit and vegetable wholesaler/retailer Betros Brother. Mr. Carter was a Toowoomba solicitor when he was appointed to the board of the then Darling Downs Building Society in 1975.
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To contact Heritage Bank Limited, please visit www.heritage.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.
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