Secure Trust Bank’s (STB) first half results were a reminder that the reshaping of the loan book towards one with a lower risk profile does involve some pain. While lower asset yields from new business and maintained impairments from the back book pinch near-term returns, the potential growth of over 30% in FY18 and FY19 earnings is an indicator of gains to come on the back of a higher-quality, more diverse and resilient loan book.
25 Aug 2017
Progressing with a prudent approach
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Progressing with a prudent approach
Secure Trust Bank Plc (STB:LON) | 683 -13.7 (-0.3%) | Mkt Cap: 130.0m
- Published:
25 Aug 2017 -
Author:
Andrew Mitchell -
Pages:
11
Secure Trust Bank’s (STB) first half results were a reminder that the reshaping of the loan book towards one with a lower risk profile does involve some pain. While lower asset yields from new business and maintained impairments from the back book pinch near-term returns, the potential growth of over 30% in FY18 and FY19 earnings is an indicator of gains to come on the back of a higher-quality, more diverse and resilient loan book.