Finance Companies
UDC Finance posts increase in annual profit with income and lending growing
19th Apr 24, 9:08am
UDC Finance posts increase in annual profit with income and lending growing
RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches
12th Mar 24, 3:02pm
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RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches
Banks may have profited by $2b on customer call accounts through RBNZ using settlement accounts for its LSAP programme, consultant tells Commerce Commission
17th Feb 24, 9:40am
13
Banks may have profited by $2b on customer call accounts through RBNZ using settlement accounts for its LSAP programme, consultant tells Commerce Commission
Avanti Finance Chairman Glenn Hawkins wants new CEO Fred Ohlsson to 'bring our growth strategy to life'
23rd Jan 24, 7:20am
Avanti Finance Chairman Glenn Hawkins wants new CEO Fred Ohlsson to 'bring our growth strategy to life'
KPMG's annual survey of non-bank lenders shows the impact of rising funding costs
13th Dec 23, 7:42am
KPMG's annual survey of non-bank lenders shows the impact of rising funding costs
Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors
10th Oct 23, 2:00pm
2
Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors
Retirement Commission 'de-jargoning money' guide suggests use of 'debt' instead of 'credit' & 'end date' instead of 'maturity'
1st Jun 23, 11:46am
8
Retirement Commission 'de-jargoning money' guide suggests use of 'debt' instead of 'credit' & 'end date' instead of 'maturity'
The Shinsei Bank owned UDC posts a drop in annual profit as loan impairments rise
17th May 23, 11:18am
2
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
14th Dec 22, 7:51am
3
Huge year for non-bank financial institution sector but clouds may be gathering
Reserve Bank may apply macro-prudential tools to non-bank deposit takers but isn't concerned about the growth of non-deposit taking lenders
16th Nov 22, 9:44am
Reserve Bank may apply macro-prudential tools to non-bank deposit takers but isn't concerned about the growth of non-deposit taking lenders
Financial Services Federation unimpressed with National Party proposal to favour banks over its finance company, building society & credit union members
26th Sep 22, 10:12am
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Financial Services Federation unimpressed with National Party proposal to favour banks over its finance company, building society & credit union members
David Hargreaves bemoans the lack of foresight of NZ governments - which is about to be demonstrated again with a forthcoming downturn in housing construction
2nd Aug 22, 12:37pm
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David Hargreaves bemoans the lack of foresight of NZ governments - which is about to be demonstrated again with a forthcoming downturn in housing construction
Finance company Thorn Financial Services merging with Limelight Software to seek growth by 'providing a native digital financing option' as Limelight Group
24th Mar 22, 10:45am
Finance company Thorn Financial Services merging with Limelight Software to seek growth by 'providing a native digital financing option' as Limelight Group
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?
18th Dec 21, 8:03am
3
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?
Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
16th Dec 21, 5:00am
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Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
The Auckland-based non-bank deposit taker FE Investments, which went under last year owing investors $55 mln, may face action from the liquidators
23rd Aug 21, 9:54am
4
The Auckland-based non-bank deposit taker FE Investments, which went under last year owing investors $55 mln, may face action from the liquidators
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
Non-bank mortgage lender Basecorp Finance borrowing $250 million through an issue of residential mortgage backed securities as it eyes ongoing growth
11th Mar 21, 8:00am
5
Non-bank mortgage lender Basecorp Finance borrowing $250 million through an issue of residential mortgage backed securities as it eyes ongoing growth
UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through
9th Dec 20, 10:13am
UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through
UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
1st Sep 20, 12:02pm
3
UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
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
Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
2nd Apr 20, 3:28pm
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Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
17th Mar 20, 9:50am
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector