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RESIMAC GROUP LTD — Capital/Financing Update 2025
Mar 2, 2025
65714_rns_2025-03-02_5052ab28-01d9-4b59-84f2-b340d05e8f2c.pdf
Capital/Financing Update
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3 March 2025
ASX RELEASE
Resimac completes acquisition of auto finance portfolio
Resimac Group Ltd (ASX: RMC, “Resimac”) today announces it has completed the acquisition and migration of Westpac Banking Corporations (“Westpac”) auto finance and novated leasing portfolio. The portfolio has a book value of approximately $1.5 billion and around 100,000 customers.
The acquisition continues to augment Resimac’s AUM strategy and enhances its product and customer diversification into the consumer auto finance sector. Resimac‘s total assets under management are now $15.7bn.
Susan Hansen, Interim CEO, said of the transaction, “The acquisition transaction is a critical part of our growth strategy, enabling us to broaden our auto finance and novated lease offerings. We have demonstrated our capabilities in data and portfolio migration along with significant funding execution. We will continue to assess further acquisition opportunities that align with our growth and diversification objectives.”
For further information, please contact:
Anny Chen, Investor Relations, +612 9248 0373
-ENDS-
Peter Fitzpatrick
Company Secretary P: 02 9248 0304
About Resimac:
Resimac Group Ltd (“Resimac Group”) is a leading non-bank lender and multi-channel distribution business. Its fully integrated business model comprises originating, servicing and funding prime, non-conforming residential mortgages and asset finance products. With over 300 people operating across Australia, New Zealand and the Philippines, Resimac Group has in excess of 155,000 customers with a portfolio of home loans on balance sheet of almost $13 billion, an asset finance portfolio over $2.7 billion, and total assets under management of over $15.7 billion.
Resimac Group has issued almost $50 billion in bonds in domestic and global markets since 1987. It has access to a diversified funding platform with multiple warehouse lines provided by domestic and offshore banks for short term funding in addition to a global securitisation program to fund its assets longer term.
resimac.com.au p 1300 764 447 e [email protected] PO Box H284 Australia Square NSW 1215 Resimac Group Ltd. ABN 55 095 034 003. Australian Credit Licence 247829