Secure Trust Bank (STB) remains on track with both its shift towards a lower risk loan book and near-term trading. The move to lower risk assets has trimmed returns, but loan book growth continues apace and the benefits in terms of revenue and impairments should become clear in FY18 and FY19, years in which we expect earnings growth of over 30%.
23 Jan 2018
Controlled growth
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Controlled growth
Secure Trust Bank Plc (STB:LON) | 685 0 0.0% | Mkt Cap: 130.4m
- Published:
23 Jan 2018 -
Author:
Andrew Mitchell -
Pages:
6
Secure Trust Bank (STB) remains on track with both its shift towards a lower risk loan book and near-term trading. The move to lower risk assets has trimmed returns, but loan book growth continues apace and the benefits in terms of revenue and impairments should become clear in FY18 and FY19, years in which we expect earnings growth of over 30%.