MTF Finance wins New Zealand's 2023 Securitisation Deal of the Year
Capping off a remarkable year marked by a 40% increase in lending growth and a 38% rise in profitability, MTF Finance is this year’s winner of the 2023 KangaNews New Zealand Securitisation Deal of the Year Award. This recognition highlights the company’s commanding position in the New Zealand Securitisation market, specifically commending its success in the seventh securitisation transaction—the MTF Opala Trust 2023.The MTF Opala Trust 2023 issued six classes of asset-backed securities, rated by Fitch Australia Pty Ltd from AAAsf to Bsf, accommodating a diverse spectrum of investment mandates.
Three new Future Directors to join the MTF Finance Board in 2024
The Future Director programme gives up-and-coming board directors the opportunity to gain first-hand experience of the director’s role in preparation for taking on future directorships. Under the Institute of Directors programme, host boards have certain responsibilities towards their Future Directors, including allowing them to observe board dynamics while contributing and adding value throughout their term.
MTF Finance launches National Community Volunteering Challenge
The MTF Finance National Community Volunteering Challenge tasks MTF Finance teams across New Zealand with donating 2,024 volunteering hours to local communities and charitable organisations all over the country in the next 12 months. It aims to build on the company’s 53-year history of serving local customers across its nationwide network of approved vehicle dealers and franchisee-owned stores across New Zealand.
MTF Finance release half year report for the period ending 31 March 2023
Strong customer growth propels MTF Finance profit and market share to record levels.
MTF Finance has undergone a remarkable six-month period of growth, witnessing a significant increase in market share from 11% to 15%. Additionally, the company has experienced a notable expansion in its presence within the non-vehicle lending market, further bolstering its overall market position.