ANZ bank to sell its asset finance business UDC Finance for NZ$762 million LeapRate

June 02, 2020 BY Steffy Bogdanova

ANZ bank to sell its asset finance business UDC Finance for NZ$762 million

ANZ Bank New Zealand CEO Antonia Watson commented: Shinsei Bank intends to preserve UDC’s operations, retain UDC employees and provide long term capital to maintain and grow customer lending in New Zealand. The sale will also mean UDC Finance will continue to operate as an independent finance company and enhance competition in the asset finance…

ANZ agrees to sell UDC Finance

Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ) announced an agreement to sell UDC Finance, the asset finance business of its wholly owned subsidiary ANZ Bank New Zealand, to HNA Group, a global company focused on tourism, logistics and financial services. The sale reflects a continued focus by ANZ…

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ANZ bank to sell its asset finance business UDC Finance for NZ$762 million

ANZ agrees to sell UDC Finance

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