UDC Finance has grown alongside the businesses that have built our country’s economy like transport, forestry, agriculture and manufacturing, and we’re proud to be New Zealand’s finance company.
80 years of experience
For 80 years, we have helped New Zealand businesses to grow, entrepreneurs to see their ideas become reality and investors to earn the rewards they deserve. We are one of the largest finance companies operating in the New Zealand market.
UDC began life in 1937 as Financial Services Limited. The idea behind the new company was simple: to provide industrial finance to New Zealand businesses.
In 1951, Financial Services Limited was bought out by the London-based United Dominions Trust, and renamed United Dominions Corporation in 1954.
In 1980 ANZ bought 100% of UDC, resulting in UDC Finance becoming a wholly owned subsidiary of ANZ Bank New Zealand Limited*
To find out more about the history of UDC, please see our book that summarises the first 70 years of UDC history.
New Zealand-only investments
We remain focused on our core business and take great pride in helping New Zealander’s grow by providing them with the funds they needs for vehicles, plant, equipment and machinery. As a result we have created solid returns for our investment customers.
Our investors can take pride in the fact that they’re contributing to our country’s growth. Together we’re investing in New Zealand’s future.
UDC Finance is a wholly owned subsidiary of ANZ Bank New Zealand Limited*, with access to an $NZ 1,000,000,000 committed facility from the bank, to assist in managing our liquidity profile. ANZ does not guarantee the UDC Secured Investments.
Spreading the risk
Our main expertise is in providing asset-based finance to New Zealand businesses for purchasing plant, vehicles and equipment, helping them to grow and prosper. We do not rely on land or buildings as security, and we steer well clear of speculative property developments.
UDC also offers a range of investment products such as Secured Term Investments and Call Accounts.
We currently hold a BBB long-term credit rating from international ratings agency, Standard & Poor’s. This is an investment grade rating.
On 20 April 2016, Standard & Poor’s placed UDC on credit watch negative when ANZ announced that it was reviewing its continued ownership in UDC. UDC remains on credit watch negative pending the finalisation of the conditional sale of UDC to the HNA Group. You should refer to our Product Disclosure Statement for more information.