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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Non-standard Finance Plc | LSE:NSF | London | Ordinary Share | GB00BRJ6JV17 | ORD GBP0.05 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNSF
RNS Number : 8855N
Non-Standard Finance PLC
14 May 2018
Non-Standard Finance plc
(the 'Company' or the 'Group')
Annual General Meeting Trading Statement
14 May 2018
Ahead of the Company's Annual General Meeting to be held later today, the Group has made the following trading statement:
Trading performance since the full year results on 13 March 2018 has been in line with management's expectations.
Having already opened 11 out of the 12 new branches scheduled for this year, Everyday Loans has continued to enjoy strong loan book growth whilst maintaining a tight control on impairment. As a result, risk adjusted margins remain strong and in-line with 2017.
The pace of growth in guarantor loans means that this is now the Group's second largest division. Both the George Banco and TrustTwo brands are enjoying record volumes month-on-month, reflecting strong market demand and our position as the clear number two in the sector. Impairment remains in-line with previous guidance.
As expected, in home credit, Loans at Home has continued to enjoy good loan book growth and we remain on course to achieve our target of 20% in the current year. The large numbers of new agents recruited in 2017 are continuing to increase the number of customers on their books while impairment remains in-line with previous guidance.
With long-term funding in place, we remain confident in the full year outlook.
For more information:
Non-Standard Finance plc +44 (0) 20 3869 Peter Reynolds, Director, IR and Communications 9026
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 14, 2018 02:00 ET (06:00 GMT)
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