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9 May 2017 07:00
Non-Standard Finance plc
('Non-Standard Finance', 'Company' or,
together with its wholly-owned subsidiaries, 'Group')
AGM Trading update
9 May 2017
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 3 March 2017 has been in line with management's expectations. Loan book growth has continued into the second quarter at Everyday Loans where our 'selfy' loans product has started well, we have received our FCA licence to offer high-cost, short-term credit and it is expected that the first of twelve new branches planned for 2017 will open in the next few weeks. In home credit, Loans at Home is continuing to see a steady improvement in the quality of its loan book as we add experienced self-employed agents to our network. At TrustTwo we have started to see the benefit from our expanded product offering and a steady flow of referrals from the Everyday Loans branch network.
The results of the AGM will be announced following the conclusion of the meeting later today.
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications | +44 (0) 20 3869 9026 |
Bell Pottinger Dan de Belder Aarti Iyer Molly Stewart | +44 (0) 20 3772 2500 |
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