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 automotive brands and franchise dealer groups in New Zealand.

UDC specialises in offering asset-based secured finance for vehicles, commercial equipment and machinery across a diverse range of industries in New Zealand. These include transport, forestry, agriculture, construction, and materials handling and storage. Additionally, UDC provides tailored consumer auto finance solutions to support individuals purchasing vehicles.

UDC has a history of profitable growth and leading market share, achieved by helping its customers to grow and prosper. A major part of this success is an established network of finance specialists throughout

Since September 2020, UDC has been owned by SBI Shinsei Bank, a leading financial services organisation that offers banking and nonbanking services, primarily in Japan. SBI Shinsei Bank is a subsidiary of the SBI Group, a globally operating financial services conglomerate headquartered and listed in Japan.

UDC complements SBI Shinsei’s nonbanking portfolio, which focuses on consumer finance, asset finance and leasing. While UDC operates with a high level of autonomy and maintains its strong presence as an independent finance lender in New Zealand, it benefits from the expertise, resources and support provided by SBI Shinsei Bank.

UDC’s loan portfolio is well diversified across regions, industry sectors and asset types. Under SBI Shinsei Bank’s ownership, UDC has experienced significant growth including completing three acquisitions totalling around NZ$600 million. These include two auto finance loan portfolios and a commercial loan and leasing book. Beyond expanding UDC’s loan portfolio, these acquisitions have also broadened UDC’s customer base through strategic partnerships, exclusive marketing agreements and new distribution channels.

UDC has developed a robust and sustainable funding strategy, incorporating a balanced mix of shareholder equity, parental support, securitised funding and bank facilities. This strategic approach not only supports UDC’s business operations but also effectively manages refinancing risks and positions the company for long-term growth.

Since mid-2023, UDC has successfully executed two public term transactions: for NZ$650 million in December 20231 and NZ$300 million in June 20242.

Since its inaugural transaction, in 2021, UDC has prioritised expanding its investor base by building long-term relationships and structuring deals that benefit all parties involved. Notably, both recent transactions saw increased participation from Australian and Japanese investors.

UDC remains dedicated to being a programmatic ABS issuer across market cycles. It values ongoing investor engagement. As the New Zealand nonbank sector grows in prominence and securitisation becomes increasingly attractive to domestic and international investors, the company welcomes all enquiries and looks forward to further collaboration with the securitisation investment community.

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