Going strong for 140 years - The Southland Building Society. We blogged on it when it became as bank.
Since then it has attracted another $200 million in deposits...
Well done guys.
Monday, 23 March 2009
SOLID SOUTHLAND STOCK
Going strong for 140 years - The Southland Building Society. We blogged on it when it became as bank.
Since then it has attracted another $200 million in deposits...
Well done guys.
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3 comments:
It's going real good alright, though compare their financials with TSB & it doesn't look quite so great.
As an aside I wonder if it'd be a bank if not for the government deposit guarantee.
Have they lent "big" to the dairy sector?
Sally, very likely. TSB are the only NZ bank (as it were) with a BBB S&P rating, so what's SBS's? And yes, they did become a bank to take advantage of the guarantee, as BS's were initially excluded.
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