PCF has reported a trading update for FY18 in line with market expectations. In its first full year as a bank PCF has delivered record levels of new business originations up 75% YoY to £148m (2017: £85m) with August and September both record months. The lending portfolio increased 50% to £219m (2017: £146m) and retail deposits increased 225% to £190m (2017: £53m), significantly ahead of our forecast. We will revisit our forecasts at the time of the finals o
22 Oct 2018
Record new business originations
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Record new business originations
PCF Group plc (RLW:FRA) | 0 0 0.0% | Mkt Cap: 55.1m
- Published:
22 Oct 2018 -
Author:
Rachel May -
Pages:
2
PCF has reported a trading update for FY18 in line with market expectations. In its first full year as a bank PCF has delivered record levels of new business originations up 75% YoY to £148m (2017: £85m) with August and September both record months. The lending portfolio increased 50% to £219m (2017: £146m) and retail deposits increased 225% to £190m (2017: £53m), significantly ahead of our forecast. We will revisit our forecasts at the time of the finals o