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General Finance experiencing good growth

General Finance is seeing growth in its business as investors chase good yields.

Thursday, July 2nd, 2:56PM

“The year to March 2015 was a good year for General Finance”, director James Lockie said. The company was issued with a Non-bank Deposit Takers licence by the Reserve Bank in February 2015. Its deposit base grew by 20%, over the last year, and its lending business has expanded.

"Profitability also strengthened on the back of increased lending.”

General Finance reported the following audited result:

  •  Pre-tax profit from operating activities increased to $432,586, up 52% from $284,211...MORE»

    GFNZ returns to profit

    Monday, June 15th, 9:27PM

    GFNZ, formerly known as Geneva Finance, has returned to profitability.

    MORE»

    Warehouse plans bonds offer

    Monday, May 4th, 3:10PM

    The Warehouse Group today announced it is considering making an offer of new five year unsecured, unsubordinated, fixed rate bonds to refinance its $100 million senior bond maturing on June 15 for general corporate purposes.

    MORE»

     

    Previous News

    FMA warns on bank notes

    Friday, April 24th, 6:00AM

    Consumers are being warned to make sure they know what they’re doing if they invest in bank capital notes.

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    Notes offer confirmed

    Tuesday, April 21st, 11:03AM

    Kiwi Capital Funding is to offer $150 million of perpetual capital notes to the public. 

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    AMP pulls back from bonds

    Monday, April 20th, 2:08PM

    Cash is now providing a better insurance option for investment portfolios than bonds, says AMP Capital’s head of investment strategy.

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    Kiwibank considering perpetual capital notes offer

    Sunday, April 12th, 6:36PM

    Kiwibank's sister company Kiwi Capital Funding Limited is considering making an offer of up to $150 million of perpetual capital notes to the New Zealand public.

    MORE»

    Lack of corporate bonds causing concern

    Friday, April 10th, 6:00AM

    A search for yield in a low-interest rate environment is driving demand for an increasingly tight supply of corporate bonds.

    MORE»

    MORE NEWS»

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