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Loan Ratios

Resolution 3: To increase the maximum level of the Group’s borrowing from 30% of the value of the landholdings of the Ngāti Whātua Ōrākei Group (excluding the Hapū Lands and the Inalienable Lands) to 40% of the value of the landholdings (excluding the Hapū Lands and the Inalienable Lands) and commercial assets of the Ngāti Whātua Ōrākei Group and relax the interest cover ratio from 50% of EBIT derived from the Protected Lands, Inalienable Lands and the other land holdings in the Trust (apart from the Hapū Lands) to 67% of EBIT reported by the Commercial Subsidiaries.

Learn about Loan Ratios.

 

Watch now: Jamie Sinclair and Precious Clark share information regarding Loan Ratios.

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