Secure Trust Bank (STB) announced a robust trading update with net lending exceeding £3bn, driven by a 17.7% sequential increase in new business lending. Deposits also significantly increased year-on-year by 16.2%. STB has expanded its capital position through the issuance of £90m tier 2 capital bonds, which is now complete. The augmented capital will provide the bank with growth opportunities in its lending activities. Management states that STB is trading in line with expectations and remains ....
19 May 2023
Secure Trust Bank - Positioned for strong growth in FY23
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Secure Trust Bank - Positioned for strong growth in FY23
Secure Trust Bank Plc (STB:LON) | 685 0 0.0% | Mkt Cap: 130.4m
- Published:
19 May 2023 -
Author:
Rob Murphy -
Pages:
2
Secure Trust Bank (STB) announced a robust trading update with net lending exceeding £3bn, driven by a 17.7% sequential increase in new business lending. Deposits also significantly increased year-on-year by 16.2%. STB has expanded its capital position through the issuance of £90m tier 2 capital bonds, which is now complete. The augmented capital will provide the bank with growth opportunities in its lending activities. Management states that STB is trading in line with expectations and remains ....