Guardian Trust is not a finance company. It is one of New Zealand' oldest, most conservative and respected institutions and one with which Adolf has had a cordial business relationship for over ten years.
Established in 1882 under an act of Parliament, GT today is a wholly owned subsidiary of Suncorp-Metway, a major Australian bank. It's mortgage portfolio is relatively small and managed in an extremely cautious way.
New lending stopped about three months ago. You will not find here any of the shonky loans and deals associated with Bridgecorp and Hanover.
Most loans are lent on a five year term and I expect as current loans mature, investors who want out will be paid.
It is a sorry state indeed when investors are so scared they will not put their funds into a firm of this quality and reputation.
December 11 in history
1 hour ago