CBG/Premium and motor finance12 Jan 2024 11:27
Posts below mentioned motor finance, but there was FCA "opinion" on (insurance) premium finance a well.
CBG loan book (millions)
Retail
Motor finance : £1948.4 (c 20% of loan book)
Premium finance: £1053.4 (c 10% of loan book)
Usually a merchant bank adapts and my view is that 6x average PE is attractive.