UDC Finance

12 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
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1 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
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31 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
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31 Oct 18, 9:50am
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
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18 Sep 18, 5:01pm
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
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16 Aug 18, 1:05pm
Heartland Bank restructure will leave burgeoning Australian reverse mortgage business free of regulatory capital requirement rules on either side of the Tasman
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11 Jul 18, 8:53am
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
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22 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
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3 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
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24 Apr 18, 8:12am
David Hargreaves updates where ANZ has got to with its now tortuous attempt to offload its New Zealand finance arm
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17 Apr 18, 11:28am
Recently released documents show why officials had "serious concerns" about the state of HNA, as they blocked the $660 million sale of UDC to the Chinese global conglomerate
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22 Mar 18, 10:16am
Gareth Vaughan hopes UDC will be allowed to stick to its knitting whatever eventuates from ANZ's attempts to sell the finance company
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20 Mar 18, 9:48am
Shares in ANZ NZ's finance company UDC may be sold to the public after OIO blocked its sale to opaque Chinese company
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20 Feb 18, 12:38pm
Heartland Bank chief financial officer says the bank remains interested in acquiring ANZ's UDC Finance, would require a capital raise to do the deal
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22 Jan 18, 9:47am
Egg on Elliott's face, World Bank sees cyclical recovery, Paymark sale concludes, PSD2 underway, house sales volumes soft, the year for social payments & more 
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17 Jan 18, 4:18pm
David Hargreaves argues that after the fiasco of the failed sale of UDC to HNA the ANZ may be keen to now quickly offload its Kiwi finance company; Heartland Bank is still interested
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21 Dec 17, 1:09pm
David Hargreaves believes a sale of UDC Finance to a credible New Zealand financial institution might be the only noble way out for the ANZ after the collapse of its ill-thought-out attempt to sell the business to Chinese conglomerate HNA
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21 Dec 17, 9:50am
OIO blocks takeover of ANZ subsidiary UDC Finance by controversial HNA Group because it can't work out who actually owns the Chinese conglomerate
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14 Dec 17, 12:52pm
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
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12 Dec 17, 10:14am
ANZ becomes primary source of funding for UDC's lending business with investors collectively withdrawing over $550m during the past year
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