UDC Finance

Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge

Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge

UDC Finance posts increase in annual profit with income and lending growing

UDC Finance posts increase in annual profit with income and lending growing

KPMG's annual survey of non-bank lenders shows the impact of rising funding costs

KPMG's annual survey of non-bank lenders shows the impact of rising funding costs

The Shinsei Bank owned UDC posts a drop in annual profit as loan impairments rise

The Shinsei Bank owned UDC posts a drop in annual profit as loan impairments rise

Huge year for non-bank financial institution sector but clouds may be gathering

Huge year for non-bank financial institution sector but clouds may be gathering

How has the composition of NZ's top 10 non-bank financial institutions changed over the past decade and does this say anything about the economy?

How has the composition of NZ's top 10 non-bank financial institutions changed over the past decade and does this say anything about the economy?

Off the back of strong growth over several years, Avanti Finance is now New Zealand's second biggest non-bank lender

Off the back of strong growth over several years, Avanti Finance is now New Zealand's second biggest non-bank lender

UDC Finance CEO Wayne Percival says new Japanese owner Shinsei Bank is a long-term investor looking for growth in New Zealand

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

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

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

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

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

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

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?

After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?