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Latest Deposit Rates newsGeneral Finance seeing strong interest from UDC investorsFriday, April 5th, 4:35pm
The short term fixed interest market has been dominated by ANZ owned UDC over recent years.The Finance Company sector has been well established and active in New Zealand. Names such as UDC, Marac, General Finance, etc. have been deposit takers for decades. As with Banks, there has always been takeovers, changes of ownership, and new startups regularly over the decades. “The value to investors is that the interest rates are higher than banks and the terms can be tailored to the investors requirements ...MORE »
Previous News
UDC: On track for saleTuesday, June 6th, 7:21pm
UDC Finance says its half-year profit of $30.2 million positions it well for new ownership. MORE »FMT ticks over $500m in investmentsThursday, May 4th, 8:10am
While banks clamp down on lending and restrictions tighten for investors, one non-bank lender has more money to offer than ever. MORE »Shareholders chip inMonday, April 10th, 6:00am
Kiwibank has had to go to its new shareholders for more money. MORE »UDC gets downgraded on sale newsThursday, January 12th, 10:23am
UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company. MORE »ANZ sells UDC FinanceWednesday, January 11th, 11:21am
ANZ Bank New Zealand has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group. MORE »BNZ offers 4% term deposit rateMonday, November 21st, 9:58am
BNZ has introduced a two-year deposit rate special of 4%. MORE »How FEI Investments reinvented itselfSaturday, November 12th, 4:45pm
A low interest rate environment is driving interest in finance company investments as the expense of bank deposits, one New Zealand operator says. MORE » |
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