Non-bank lender pushes into funds business
Non-bank lender Avanti Finance is looking to grow its funds management business.
Avanti is one of the largest non-bank lenders in New Zealand with assets of around $3.7 billion. Chief executive Fred Ohlsson says it has seen strong growth in the past couple of years and its market share in the non-bank mortgage lending market is around 25%.
Traditionally, Avanti has used warehouse facilities from banks and securitisation as its funding methods.
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NZX50 ekes out weekly gain as Serko shakes off gloom, Vista signs new customers
Tower had its worst week in almost nine years.
New Zealand’s S&P/NZX 50 index rose this week as tech duo Serko and Vista Group International found favour among investors, while Infratil continued to advance amid renewed optimism about artificial intelligence having cashed up some of its stake in Contact Energy.
Tower was the biggest laggard of the week in its sharpest decline in almost nine years as its first-half earnings sank from ...MORE»
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