Heartland Bank won't merely be a passive investor in p2p lender Harmoney, bank's CEO says.

By Greg Elisara. Posted 9 September 2014.

Heartland Bank CEO Jeff Greenslade says the bank doesn't plan to be a passive investor in New Zealand's first licenced peer-to-peer (P2P) lender Harmoney. Yesterday Heartland said it was buying a 10% stake in Harmoney and would lend a "meaningful" sum of money through its online platform.