UDC Finance

[Updated]
29th Oct 20, 10:17am
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
[Updated]
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
1st Sep 20, 12:02pm
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
1st Sep 20, 12:02pm
3rd Jun 20, 11:00am
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
3rd Jun 20, 11:00am
[Updated]
2nd Jun 20, 12:09pm
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
[Updated]
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
1st May 20, 7:35am
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
1st May 20, 7:35am
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?
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
[Updated]
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
[Updated]
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
24th Jan 20, 8:30am
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
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
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
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
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
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
[Updated]
31st Oct 19, 9:51am
ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
[Updated]
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
6th Sep 19, 10:05am
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
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
27th Aug 19, 12:02pm
David Hargreaves examines the problems at ANZ NZ and explains why he's been opening new bank accounts
David Hargreaves examines the problems at ANZ NZ and explains why he's been opening new bank accounts
27th Aug 19, 12:02pm
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
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
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
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
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
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
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
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
[Updated]
31st 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
[Updated]
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
18th 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
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
16th 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
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
11th 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
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
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'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
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
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
24th Apr 18, 8:12am
David Hargreaves updates where ANZ has got to with its now tortuous attempt to offload its New Zealand finance arm
David Hargreaves updates where ANZ has got to with its now tortuous attempt to offload its New Zealand finance arm
24th Apr 18, 8:12am
17th 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
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
17th Apr 18, 11:28am

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