Allied Credit

Established in 2010, Allied Credit provides branded consumer and commercial finance solutions to the automotive and recreational vehicle markets, and wholesale finance to dealer groups.

Allied Credit’s business model is centred on the establishment of key channel partnerships with vehicle manufacturers and importers, as well as introducer partnerships with dealer groups.

Allied Credit businesses originate the majority of their retail loans at the point of sale through partner dealership networks. There is also a small but increasing number of digital-only sales, as embraced by electric vehicle manufacturers. Through its servicing arrangements, Allied Credit undertakes all core lending and loan management responsibilities, including credit and loan collection services.

Allied Credit has built a strong and experienced team with a track record in driving growth and scaling the operations of finance companies. The team creates a strong service and sales culture, appropriately balanced with a focus on credit and business risks along with the compliance requirements inherent in consumer lending. Allied Credit has underpinned this team with experienced finance and treasury executives, who drive and manage the bespoke financial reporting and funding requirements of the businesses.

Allied Credit employs around 270 staff with offices in Sydney, Perth and Melbourne, and a dealer support team across the country.

Allied Credit is privately owned. It has a long-term shareholder base of sophisticated investors, who understand the company, and automotive and recreational vehicle markets, and support the company’s growth plan.

Allied Credit uses a securitisation funding model. Loans are funded via warehouse facilities and periodically termed out via ABS issuance to domestic and offshore debt capital market investors.

Allied Credit currently has eight warehouse facilities, supported by a range of senior funding partners with balance sheet strength and diverse mezzanine funding relationships.

Allied Credit has completed four ABS transactions as at 30 June 2023, attracting investment from Australia, New Zealand, Europe and Asia to date. The company will continue to be a programmatic issuer in the ABS market.

Allied Credit is one of Australia’s fastest-growing consumer and commercial finance businesses. The company’s retail automotive loan origination volumes have grown significantly in recent years, including following its successful acquisition of the Macquarie auto dealer finance business in December 2021.

Allied Credit’s retail loan originations exceeded A$1.4 billion in FY23 and, as at 30 June 2023, it has approximately A$2 billion in retail assets under management.

Credit performance has been strong. As at 30 June 2023, 90-day-plus arrears was just 0.2% and net losses 0.7% on a 12-month average basis.

June McFadyen
Group Treasurer
+61 402 118 979
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Matt Devine
Chief Financial Officer
+61 451 454 144
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https://alliedcredit.com.au