sign up log in
Want to go ad-free? Find out how, here.

UDC Finance

UDC Finance CEO Wayne Percival says new Japanese owner Shinsei Bank is a long-term investor looking for growth in New Zealand
18th May 21, 6:34am
1
UDC Finance CEO Wayne Percival says new Japanese owner Shinsei Bank is a long-term investor looking for growth in New Zealand
UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through
9th Dec 20, 10:13am
UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through
ANZ New Zealand posts lower annual profit as its credit impairment charge surges, income falls, expenses rise and it loses money on the sale of UDC. ANZ Group says 2% of NZ mortgage book on a deferral plan
29th Oct 20, 10:17am
18
ANZ New Zealand posts lower annual profit as its credit impairment charge surges, income falls, expenses rise and it loses money on the sale of UDC. ANZ Group says 2% of NZ mortgage book on a deferral plan
UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
1st Sep 20, 12:02pm
3
UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
3rd Jun 20, 11:00am
4
David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
2nd Jun 20, 12:09pm
4
ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
ANZ NZ Antonia Watson on creating an ANZAC bubble, the Government's Business Finance Guarantee Scheme, loan provisioning and potential UDC sale
1st May 20, 7:35am
1
ANZ NZ Antonia Watson on creating an ANZAC bubble, the Government's Business Finance Guarantee Scheme, loan provisioning and potential UDC sale
After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?
12th Mar 20, 8:00am
After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
20th Feb 20, 11:06am
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
Heartland's not commenting on speculation it's one of the shortlisted parties vying to buy UDC from ANZ - but it has long been an admirer of the business
24th Jan 20, 8:30am
1
Heartland's not commenting on speculation it's one of the shortlisted parties vying to buy UDC from ANZ - but it has long been an admirer of the business
Gareth Vaughan suggests Kiwibank buying ANZ's on-the-block finance company UDC could be a good deal for both the state owned bank and New Zealand Inc
22nd Jan 20, 9:58am
Gareth Vaughan suggests Kiwibank buying ANZ's on-the-block finance company UDC could be a good deal for both the state owned bank and New Zealand Inc
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
16th Dec 19, 9:56am
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
31st Oct 19, 9:51am
21
ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
Commerce Commission takes ANZ subsidiary UDC Finance to court over allegations of charging unreasonable fees. UDC says its fees fairly and reasonably recover its underlying costs
6th Sep 19, 10:05am
2
Commerce Commission takes ANZ subsidiary UDC Finance to court over allegations of charging unreasonable fees. UDC says its fees fairly and reasonably recover its underlying costs
David Hargreaves examines the problems at ANZ NZ and explains why he's been opening new bank accounts
27th Aug 19, 12:02pm
45
David Hargreaves examines the problems at ANZ NZ and explains why he's been opening new bank accounts
ANZ's NZ vehicle and asset finance provider subsidiary UDC Finance has reported another rise in interim earnings as it mulls a return of funds to investors later this calendar year
3rd Jul 19, 5:00am
ANZ's NZ vehicle and asset finance provider subsidiary UDC Finance has reported another rise in interim earnings as it mulls a return of funds to investors later this calendar year
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
12th Dec 18, 4:10pm
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
1st Nov 18, 11:53am
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
Two and a half years after putting NZ finance subsidiary UDC on the block, ANZ says it's 'putting on hold' all sale discussions
31st Oct 18, 10:18am
Two and a half years after putting NZ finance subsidiary UDC on the block, ANZ says it's 'putting on hold' all sale discussions
ANZ NZ profit surges $206m to $1.986b, or about $809 per customer. Calls off UDC sale. Group cuts staff incentive payments by A$124m in wake of Royal Commission
31st Oct 18, 9:50am
63
ANZ NZ profit surges $206m to $1.986b, or about $809 per customer. Calls off UDC sale. Group cuts staff incentive payments by A$124m in wake of Royal Commission
Two and a half years after ANZ put its NZ vehicle and asset finance provider UDC on the block there's no indication of an imminent sale
18th Sep 18, 5:01pm
1
Two and a half years after ANZ put its NZ vehicle and asset finance provider UDC on the block there's no indication of an imminent sale
Heartland Bank restructure will leave burgeoning Australian reverse mortgage business free of regulatory capital requirement rules on either side of the Tasman
16th Aug 18, 1:05pm
3
Heartland Bank restructure will leave burgeoning Australian reverse mortgage business free of regulatory capital requirement rules on either side of the Tasman
ANZ's continuing to advance more and more money to its NZ finance arm - ironically at a time when it's trying to offload it
11th Jul 18, 8:53am
1
ANZ's continuing to advance more and more money to its NZ finance arm - ironically at a time when it's trying to offload it
ANZ's for-sale NZ finance arm lifts half-year profit 8% to $32.7 million but gives no indication of when its protracted sales process may be completed
22nd Jun 18, 12:00pm
ANZ's for-sale NZ finance arm lifts half-year profit 8% to $32.7 million but gives no indication of when its protracted sales process may be completed
ANZ NZ understands why the OIO blocked its planned sale of UDC, CEO David Hisco says, and still aims to sell the finance company but isn't in a hurry
3rd May 18, 9:36am
ANZ NZ understands why the OIO blocked its planned sale of UDC, CEO David Hisco says, and still aims to sell the finance company but isn't in a hurry