The head of South Canterbury Finance will not rule out future asset sales, but says they are not an essential part of meeting its repayments to investors.
The South Island lender wants to raise more than $1.2 billion from investors.
The firm has split its operations into three - a finance unit holding at least $700 million in good loans, another holding troubled loans and an investment division that includes Helicopters New Zealand and the apple producer Scales.
South Canterbury Finance chief executive Sandy Maier says the assets were not bought from Alan Hubbard's Southbury Group with a view to selling them, but that might be a possibility in the future.
Mr Maier says he is happy at how the new structure is working and the company is quickly clawing back money from its bad assets.
The approach of isolating bad loans was also adopted by Allied Farmers when it took over Hanover's troubled loan books in December last year.
Last week, Allied Farmers sold $3.4 million of properties for close to valuation and says it is working on even larger sales.
