UDC Finance is New Zealand’s largest nonbank lender and has a proud history of supporting the country’s productive sector for more than 85 years. UDC is the dominant finance partner for major brands and franchise dealer groups in the automotive finance industry.

UDC focuses on providing asset-based secured finance for vehicles, equipment, plant and machinery to a wide range of New Zealand businesses – including transport, forestry, agriculture, construction and manufacturing – as well as providing consumer auto finance.

UDC has a history of profitable growth and leading market share, achieved by helping its customers grow and prosper. A major part of this success is an established network of finance specialists throughout the country, whose industry knowledge has helped build successful relationships over many years.

UDC began life in 1937 as Financial Services Limited and by 1980 was a wholly owned subsidiary of ANZ Bank New Zealand. In September 2020, UDC was sold to SBI Shinsei Bank of Japan, a diversified financial group that provides banking and nonbank services, primarily in Japan.

UDC complements SBI Shinsei’s nonbank business, which is primarily in the areas of consumer finance, asset finance and leasing. UDC has a high degree of autonomy and operates as a strong, independent finance lender in the New Zealand market, backed by the expertise, strength and support of SBI
Shinsei Bank.

UDC has established a sustainable funding platform comprising a balanced mix of shareholder equity, parent funding, securitised funding (syndicated warehouses and public term ABS issuance) and a bank facility. Funding aligns with UDC’s business strategy and provides scalability, flexibility and optionality for growth.

UDC is committed to being a programmatic ABS issuer through market cycles to diversify its funding profile. UDC views ongoing investor engagement as an important investment in growing this base and welcomes all enquiries.

UDC's loan portfolio is well diversified across geographical regions, industry sectors and asset types.

UDC has continued to grow over the past year, helped in part by its first major acquisition in three decades when it purchased the motor vehicle financing arm of the Giltrap Group – New Zealand’s leading distributor for European vehicle marques.

Despite a more subdued economic climate, UDC’s new lending activity is back above pre-COVID-19 levels with the commercial side of the business performing well on the back of momentum in roading and infrastructure projects as well as trade services to the construction sector. Lending activity in the motor vehicle space is benefiting from consumer preference for low-emission vehicles, which is being driven by an increasing range of new electric and hybrid vehicle models entering the country.

While the market as a whole is experiencing increased levels of borrower distress as cost-of-living pressures start to bite, UDC’s focus on financing vehicles in the franchise dealer new and near-new sector is resulting in a better-than-average delinquency experience versus peers, which still remains below long-run, historic trends.

Mark De Ree
Head of Treasury
+64 9 952 7146
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Shane Noone
Chief Financial Officer
+64 9 952 7233
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www.udc.co.nz