Non-Standard Finance PLC Annual General Meeting Trading Statement (8855N)
May 14 2018 - 1:00AM
UK Regulatory
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
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