ANZ's UDC Finance - which is in the throes of being bought by Chinese conglomerate HNA - has posted a record net profit after tax of $61.6 million for the year to September 30, 2017, up 5 per cent over the previous financial year.
A key contributor to the result was strong lending growth, up 13 per cent to $2.912 billion, UDC said.
Motor vehicle lending increased by 28 per cent, commercial lending by 4 per cent and equipment dealer lending was up 7 per cent.
"UDC has delivered another very good result, reflecting growth in our loan portfolio across a range of industries, continued improvement in credit quality and careful management of costs," said UDC chief executive Wayne Percival said.
"Continued strength of the economy has seen record new car sales, healthy investment in new equipment in agriculture, forestry, construction and business services.