Profits up at UDC as sale process kicks on
Finance company reports strong lending growth.
ANZ Bank’s finance company, UDC, again up for sale after an abortive effort two years ago, has reported profit up 7% on the back of strong lending growth.
UDC, which specialises in business asset finance and car loans, increased its net loans and advances by 5% to $3.4 billion in the year to
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