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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
1 mins to read

Profits up at UDC as sale process kicks on

Finance company reports strong lending growth.

Tim Hunter Fri, 13 Dec 2019

ANZ Bank’s finance company, UDC, again up for sale after an abortive effort two years ago, has reported profit up 7% on the back of strong lending growth.

UDC, which specialises in business asset finance and car loans, increased its net loans and advances by 5% to $3.4 billion in the year to

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Tim Hunter Fri, 13 Dec 2019
Contact the Writer: thunter@nbr.co.nz
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Profits up at UDC as sale process kicks on
General Business,
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