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STB Secure Trust Bank

Discussion in 'General Share Chat (STB)' started by Mongoose82, Jun 16, 2016.

  1. Mongoose82

    Mongoose82 A Legendary Member

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    "Shareholders in Arbuthnot Banking Group (ARBB) have approved the sale of shares in Secure Trust Bank (STB) that will leave the former parent as a sub-20% shareholder in the group. STB already has significant capital headroom to accommodate strong organic loan growth following the sale of Everyday Loans Group. Its plan to seek a Main Market listing will enable it to appeal to a broader investor audience, leaving it better placed to consider share issuance, providing greater flexibility to pursue a wider range of strategic options. This comes at a time of rapid growth and proliferation of contenders among specialist lenders and challenger banks."

    Edison note out this morning: https://www.research-tree.com/company/GB00B6TKHP66
     
  2. Groucho

    Groucho Member

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  3. Groucho

    Groucho Member

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    15 January 2020

    For immediate release

    Secure Trust Bank PLC

    Pre‐Close Trading Update


    Secure Trust Bank PLC ("STB" or the "Group") today issues a pre‐close trading update ahead of its annual results announcement for the year ended 31 December 2019 scheduled for 26 March 2020.

    STB has continued to progress its strategic plan with strong control over the cost of risk and continued investment in the motor platform. The Group has delivered further revenue and loan book growth in the second half. This is despite the flat lining of GDP growth last autumn which dampened demand for consumer and house building finance across the sector. STB is pleased with its performance against this backdrop and the full year results are expected to be in line with management's and the market's expectations.

    The Group has not compromised its lending or pricing disciplines to drive balance sheet growth and will continue to be selective in respect of new lending.

    In December 2019 the BoE announced an increase in the countercyclical capital buffer from 1% of risk weighted assets to 2%, with effect from December 2020 and its intention to consult on offsetting this increase via reductions in variable Pillar 2A add ons, to ensure the levels of capital in the system stay broadly unchanged.

    The Group is looking ahead to 2020 with cautious optimism. The PMI survey results published in early January indicate a positive reaction to the General Election result. This is consistent with a recovery in UK equity prices and increased market interest in residential and some classes of commercial property assets.

    The Group enters 2020 with strong new business pipelines, healthy capital and liquidity positions and remains well placed to pursue its strategic priorities and envisages no material change for its guidance for 2020.
     
  4. Groucho

    Groucho Member

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    F9643071-BD88-41D1-B26B-406BACF8BCF2.jpeg
    City AM 16/01/2020
     

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