Avanti Finance

SIZE OF LOAN BOOK NZ$2BN
MAKEUP OF LOAN BOOK Residential mortgages: 39%
Auto financing: 50%
Consumer and business lending: 11%
GEOGRAPHIC DISTRIBUTION OF LOAN BOOK New Zealand: 76%
Australia: 24%
OUTSTANDING DEBT ISSUANCE Securitisation: NZ$600M
Securitised warehouses: NZ$900M
Corporate facilities: NZ$300M
About Avanti Finance

Avanti Finance Group has been providing a range of consumer and business lending solutions in New Zealand for more than 30 years, and in Australia for four years. The company has a history of strong growth in mortgage and motor vehicle lending, and these sectors are the pillars of future growth for the business.

Avanti also provides personal loans, SME lending and insurance premium funding in New Zealand through its Avanti and Bexhill brands. In addition, Avanti subsidiary Branded Financial Services has operated a prime motor vehicle financing business in Australia and New Zealand since 2019.

New lending is sourced predominantly through a network of introducers – primarily brokers, advisers and motor vehicle dealers. Avanti has established strong relationships through these channels, many of which have worked with the lender for numerous years.

Avanti’s target market is middle New Zealand and Australia, and includes borrowers whose financing needs are not always catered for by the tighter credit criteria of the major banks or other mainstream financial institutions. This builds into Avanti’s ambition to be the “first nonbank choice” for borrowers across a range of lending products.

For the last two years, Avanti was named Best Non-Bank Lender of the Year at the New Zealand Mortgage Awards. It also earned New Zealand Securitisation Deal of the Year at the 2022 KangaNews Awards, and was named a top employer in New Zealand’s mortgage sector by NZ Adviser in 2021.

Avanti embraces corporate social responsibility and community involvement through its sustainable resource management initiatives and its support for projects that are beneficial to the community, a region or country as a whole. Avanti was recognised for its efforts in this space by being awarded the Community and Sustainability Award 2022 at the Financial Services Federation Awards.

Funding strategy

Avanti’s funding is provided by a considered mix of shareholder equity, secured medium-term notes and structured bank and third-party funding. It raised additional capital to support growth in 2016, 2019 and 2020.

Avanti has been a regular issuer of prime and nonconforming RMBS since 2018 and more recently issued its first ABS, from the Australian arm of the business. This will be followed by a New Zealand ABS, and the company plans regular issuance in this space.

FOR FURTHER INFORMATION PLEASE CONTACT:

Paul Jamieson
Group Treasurer
+64 22 651 2052
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Caroline Dunlop
Head of Funding
+64 21 366 362
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www.avantifinance.co.nz