Secure Trust Bank’s (STB’s) trading update for Q319 had a reassuring tone. The business trends and ‘overall results are in line with management expectations’. Management noted that demand slowed in September, but this is not a surprise given Brexit deadline concerns. STB has been in de-risking mode for several quarters and has been repositioning its loan book in anticipation of economic and political uncertainties. At the same time, the short duration of its loan book
17 Oct 2019
Secure Trust Bank - A reassuring trading update
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Secure Trust Bank - A reassuring trading update
Secure Trust Bank Plc (STB:LON) | 705 0 0.0% | Mkt Cap: 134.2m
- Published:
17 Oct 2019 -
Author:
Pedro Fonseca -
Pages:
4
Secure Trust Bank’s (STB’s) trading update for Q319 had a reassuring tone. The business trends and ‘overall results are in line with management expectations’. Management noted that demand slowed in September, but this is not a surprise given Brexit deadline concerns. STB has been in de-risking mode for several quarters and has been repositioning its loan book in anticipation of economic and political uncertainties. At the same time, the short duration of its loan book