Asset Finance

14 Oct 17, 7:24am
The ANZ's not wanting to answer questions about its now protracted sales process for UDC Finance - but it will have to soon
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10 Oct 17, 11:29am
David Hargreaves suggests the Australian masters of the ANZ may not have done the venerable New Zealand finance company UDC any favours by snatching at the highest price available for selling it
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5 Oct 17, 4:09pm
Nearly 9 months after the sale was announced, the seller ANZ and would-be buyer HNA say there are still 'steps and processes' to work through in completing UDC Finance acquisition
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12 May 17, 5:02am
Chinese conglomerate HNA plans to place NZ finance company UDC under the wing of its large European-Canadian equipment service subsidiary TIP Trailer Services
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28 Apr 17, 6:37am
Chinese conglomerate HNA 'will be a good owner' of UDC after the planned $660 million acquisition, ANZ says
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23 Mar 17, 4:02pm
Meeting for 13,500 UDC debenture holders to vote on winding up the finance company's existing $1.6 bln debenture plan set to take place in coming months
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11 Jan 17, 10:19am
ANZ agrees to sell UDC to major asset finance and leasing company HNA Group for $660m; UDC staff to keep their jobs and existing lending to be maintained
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14 Aug 15, 1:50pm
S&P sees heightened risk for NZ financial institutions from surging Auckland house prices; Big 4 banks' stand-alone credit profiles downgraded
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3 Sep 14, 5:21pm
Standard & Poor's revamps credit rating methodology for finance companies moving to more prescriptive approach
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20 Jan 14, 5:30pm
FMA 'won't hesitate' to take legal action against Asset Finance if it commits 'material breaches' in the future
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24 Sep 13, 3:52pm
FMA, RBNZ continue crackdown on country's smaller, deposit taking finance companies
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22 May 13, 12:03pm
Reserve Bank issues warning to Asset Finance after blowout in related party credit exposure caused by the pledging of a motor home as loan security
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27 Aug 12, 10:55am
Asset Finance set to register new prospectus by end of August, Standard and Poor's says
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16 Jul 12, 4:14pm
Asset Finance plans to resume raising money from the public with issue of new prospectus near
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8 May 12, 4:24pm
Whakatane-based Asset Finance still blocked from raising money from the public as FMA continues probe
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30 Apr 12, 11:00am
Financial Markets Authority stops Asset Finance from raising money from the public
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22 Feb 11, 4:05pm
Kiwibank steps into finance company void with Kiwi Asset Finance, won't rule out tilt at SCF assets
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13 Oct 10, 4:21pm
S&P praises Avanti Finance & Asset Finance's management of the Crown guarantee period
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16 Jul 10, 9:56am
After dumping guarantee, Asset Finance bounces back into the black
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24 Dec 09, 8:15pm
6 deposit takers drop out of the NZ guarantee scheme
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