Latest News About Halifax Bank updates strong mid-2025 performance as net lending grows alongside Retail and Business Finance growth

Updated 2026-06-18 00:30

The Halifax group showed robust mid-2025 results with rising net lending balances and growth in Retail and Business Finance, with strategic moves such as selling the Consumer Vehicle Finance unit completed in February 2026 to unlock capital for higher-return opportunities. Cost savings from Project Fusion were highlighted as it shifts from loss-making vehicle lending to speed up long-term growth. These updates come alongside an interim six-month view showing margins improving and debt levels managed as part of a broader strategic reset.

Sources

News

Halifax News - Municipal public service announcements and media releases.

www.halifax.ca