Heritage profit builds bigger base

Heritage Building Society saw net profit rise 26 per cent to $13.8 million last financial year. Heritage had $4.7 billion in assets under management, up 23 per cent. Extra member value, calculated by comparing its rates and fees with the Big Four averages, increased 18 per cent to $27.2 million. The society is planning to increase its network by six branches this year to 44.

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