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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Bullboard Posts
Comment by Funinthesun1on Jun 30, 2017 5:50pm
145 Views
Post# 26426060

RE:Liquidity so good they aren' going to post daily anymore : )

RE:Liquidity so good they aren' going to post daily anymore : )The Boat is back up and cruising. I suspect more investors will offer their deposits as we go. Great job HCG, great job...
codyess wrote: For Immediate Release TORONTO – June 30, 2017 – Home Capital Group Inc. (“The Company” TSX: HCG) today reported its aggregate liquidity and credit capacity position as of June 29, 2017. The Company also reported it has received proceeds of approximately $129 million in connection with the closing of the sale of certain commercial mortgages previously announced. The completion of these commercial mortgages, and other recent transactions, coupled with the recent strength reported in deposit taking, has significantly improved the Company's liquidity position. As such, the Company will cease reporting its daily liquidity position. The Company will report the next liquidity update on July 17, 2017


https://homecapital.com/press_releases/2017/HCG%20Update%20Liquidity%20and%20Commercial%20Closing%20June%2030%202017%20Final.pdf


Bullboard Posts