In its Q322 trading update, Secure Trust Bank (STB) said business has been trading in line with management expectations. Loan demand has remained strong in its consumer finance niches. However, the bank says it is slowing growth, tightening lending criteria and increasing its focus on operational efficiency to reflect macroeconomic uncertainty. Total loans in Q322 grew 21.5% y-o-y to £2,813m; we are forecasting 15.8% increase for FY22. Asset quality has remained good while the net interest margi ....
28 Oct 2022
Secure Trust Bank - Prudence despite resilience
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Secure Trust Bank - Prudence despite resilience
Secure Trust Bank Plc (STB:LON) | 702 0 0.0% | Mkt Cap: 133.7m
- Published:
28 Oct 2022 -
Author:
Pedro Fonseca -
Pages:
2
In its Q322 trading update, Secure Trust Bank (STB) said business has been trading in line with management expectations. Loan demand has remained strong in its consumer finance niches. However, the bank says it is slowing growth, tightening lending criteria and increasing its focus on operational efficiency to reflect macroeconomic uncertainty. Total loans in Q322 grew 21.5% y-o-y to £2,813m; we are forecasting 15.8% increase for FY22. Asset quality has remained good while the net interest margi ....