Latitude Financial Services (Latitude) is a leading consumer-finance business in Australia and New
Zealand, with 2.6 million open customer accounts as at 31 December 2017 and a broad range of finance products including credit cards, interest-free promotional and retail offers, personal loans and insurance. Across Australia and New Zealand, the business employs more than 1,600 staff and services its customers through a network of retailer partners, brokers, phone and the internet.

The company offers a full suite of financing solutions for retailer partners, including managing credit applications, credit authorisation, billing, remittance and customer-service processing. Its products include Gem Visa, GO MasterCard and 28 Degrees Platinum MasterCard.

In 2017, Latitude generated A$8.5 billion of volume and receivables grew to A$7 billion at 31 December 2017.

Latitude comprises the Australian and New Zealand consumer-finance businesses established by GE Capital in the 1990s which have since grown organically and through acquisitions. GE Capital sold its Australian and New Zealand consumerfinance businesses (now Latitude) in November 2015, and it is currently owned by a consortium comprising Deutsche Bank and funds managed by Värde Management and KKR & Company.

Latitude has a well-diversified, granular portfolio across Australia and New Zealand. The business has seen stable asset performance over an extended period, signifying its experience in operating in both markets for a number of years. The business has also operated profitably through a range of operating environments, demonstrating its core ability to manage credit risk.

Latitude’s funding strategy aims to provide the business with funding diversity across multiple financiers, markets and facilities. This funding provides the business with scalability and
stability with a balanced maturity profile.

Latitude has a well-established funding platform that is supported by a number of major financial institutions on- and offshore. During 2017 and 2018, it has augmented this by the establishment of public ABS transactions, giving the company further access to an increasing investor base and helping
balance its maturity profile.

In 2017 Latitude was recognised with several awards including:
• KangaNews: Australian Securitisation Deal of the Year.
• Finance Asia Awards: Best Debt Finance Deal, Most Innovative Deal and Financial Issuer of the Year.
• IFR: Best Structured Finance Issue of the Year.