RE: Turnaround13 Oct 2017 15:52
Satsuma
The development trajectory of Satsuma continues to be encouraging and customer numbers have increased from 66,000 at June 2017 to 71,000 at September 2017 (September 2016: 49,000) and receivables increased from �25m to �32m over the same period (September 2016: �14m).
Vanquis Bank
Vanquis Bank has delivered further good growth. New account bookings through the third quarter were 5% higher than last year.
Year-on-year customer growth of 13% and receivables growth of 14%.
The recently introduced Vanquis Bank app has been well received and over 300,000 customers have now registered.
Moneybarn
Moneybarn has continued to enjoy a good flow of new business volumes during the third quarter of the year.
Customer numbers and receivables ended September at 49,000 (June 2017: 46,000, September 2016: 39,000) and �362m (June 2017: �344m, September 2016: �286m) respectively, representing year-on-year growth of around 25%.