S&U’s year-end update confirms strong growth has continued at the main motor finance business with customer numbers up 26%, while credit criteria have been tightened to underpin the quality of receivables prospectively. Confidence in the property bridging business is growing, although it remains at a trial stage. Overall trading is in line with management expectations and our estimates are unchanged.
12 Feb 2018
S&U - Good loan growth and credit experience on track
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S&U - Good loan growth and credit experience on track
S&U plc (SUS:LON) | 1,932 289.9 0.8% | Mkt Cap: 234.8m
- Published:
12 Feb 2018 -
Author:
Andrew Mitchell -
Pages:
3
S&U’s year-end update confirms strong growth has continued at the main motor finance business with customer numbers up 26%, while credit criteria have been tightened to underpin the quality of receivables prospectively. Confidence in the property bridging business is growing, although it remains at a trial stage. Overall trading is in line with management expectations and our estimates are unchanged.