Secure Trust Bank (STB) reported H119 adjusted pre-tax earnings up 14% y o y driven by volume growth and lower impairment rates. With a diversified lending model it has shown the ability to shift asset allocation significantly, de-risking and avoiding price pressures prevailing in some lending asset classes. By putting the brakes on early, STB is now reaping the rewards, with good profitability and the flexibility to adjust to macro and political changes.
09 Aug 2019
Secure Trust Bank - Momentum maintained
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Secure Trust Bank - Momentum maintained
Secure Trust Bank Plc (STB:LON) | 665 -66.5 (-1.5%) | Mkt Cap: 126.6m
- Published:
09 Aug 2019 -
Author:
Pedro Fonseca -
Pages:
8
Secure Trust Bank (STB) reported H119 adjusted pre-tax earnings up 14% y o y driven by volume growth and lower impairment rates. With a diversified lending model it has shown the ability to shift asset allocation significantly, de-risking and avoiding price pressures prevailing in some lending asset classes. By putting the brakes on early, STB is now reaping the rewards, with good profitability and the flexibility to adjust to macro and political changes.