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Asset Finance

Heartland Bank saw a 43% rise in reverse mortgage loan repayments in the past year as customers took advantage of the roaring house market to sell up and pocket gains
25th Aug 21, 10:00am
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Heartland Bank saw a 43% rise in reverse mortgage loan repayments in the past year as customers took advantage of the roaring house market to sell up and pocket gains
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
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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
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
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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
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
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
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
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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
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
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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
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
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David Hargreaves updates where ANZ has got to with its now tortuous attempt to offload its New Zealand finance arm
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
17th Jan 18, 4:18pm
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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
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
21st Dec 17, 1:09pm
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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
ANZ becomes primary source of funding for UDC's lending business with investors collectively withdrawing over $550m during the past year
12th Dec 17, 10:14am
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ANZ becomes primary source of funding for UDC's lending business with investors collectively withdrawing over $550m during the past year
The ANZ's not wanting to answer questions about its now protracted sales process for UDC Finance - but it will have to soon
14th Oct 17, 7:24am
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The ANZ's not wanting to answer questions about its now protracted sales process for UDC Finance - but it will have to soon
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
10th 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
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
5th Oct 17, 4:09pm
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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
Chinese conglomerate HNA plans to place NZ finance company UDC under the wing of its large European-Canadian equipment service subsidiary TIP Trailer Services
12th May 17, 5:02am
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Chinese conglomerate HNA plans to place NZ finance company UDC under the wing of its large European-Canadian equipment service subsidiary TIP Trailer Services
Chinese conglomerate HNA 'will be a good owner' of UDC after the planned $660 million acquisition, ANZ says
28th Apr 17, 6:37am
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Chinese conglomerate HNA 'will be a good owner' of UDC after the planned $660 million acquisition, ANZ says
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
23rd 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
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
11th Jan 17, 10:19am
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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
Kiwibank steps into finance company void with Kiwi Asset Finance, won't rule out tilt at SCF assets
22nd Feb 11, 4:05pm
Kiwibank steps into finance company void with Kiwi Asset Finance, won't rule out tilt at SCF assets
6 deposit takers drop out of the NZ guarantee scheme
24th Dec 09, 8:15pm
6 deposit takers drop out of the NZ guarantee scheme
Asset Finance appoints ex Hellaby MD Houldsworth as chairman
3rd Feb 09, 7:02am
Asset Finance appoints ex Hellaby MD Houldsworth as chairman
Asset Finance temporarily stops taking new money as coffers filled
9th Dec 08, 10:03am
Asset Finance temporarily stops taking new money as coffers filled