Palmerston North based finance company Farmers Mutual Finance announced late on Friday it had stopped lending and would stop taking new investments immediately.
The Farmers Mutual Group said ownership of a finance company was no longer part of its strategy.
Farmers Mutual Finance said in a statement on its website that existing debenture holders would continue to receive interest payments and capital repayments.
- INTEREST.CO.NZ
Farmers Mutual Finance to stop lending
AdvertisementAdvertise with NZME.
