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(Sharecast News) - Newly-authorised bank Distribution Finance has repaid its outstanding loan to TruFin, it announced on Wednesday.
The AIM-traded firm said the early repayment of the loan, which totalled about £9.5m including associated interest and costs, fell in line with the amendments agreed and announced on 14 August.
"Since launching its first retail savings products on 14 October, the company has raised over £140m of deposits," the board said in its statement.
"These deposits have allowed the early repayment of the outstanding loan to TruFin, including the repayment of all of the group's wholesale finance facilities, and the group's loan book is now entirely supported by retail deposits."
14 Sep 2018 10:53
DIRECTOR DEALINGS: TruFin Deputy CEO Buys GBP166,500 Worth Of Shares
LONDON (Alliance News) - TruFin PLC said Friday that Deputy Chief Executive Officer James van den Bergh acquired 75,000 shares in the company.van den Bergh bought the shares at 222 pence a
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