Secure Trust Bank slashes profit expectations amid motor finance ruling Banking Secure Trust Bank has slashed profit expectations for this year due to the performance of its motor finance business. In a trading update today, the London-listed lender said that following the Financial Conduct Authority’s motor finance decision, it restored vehicle finance loan collections activity to normal levels. Meanwhile, early arrears in vehicle finance are at [...]
Secure Trust Bank upgrades cost-cutting target as FCA review weighs on earnings Banking Secure Trust Bank has ramped up cost-cutting efforts, while a review by the City regulator affecting its vehicle finance arm weighed on the firm's earnings in the first half of 2024.
Secure Trust Bank shrugs off economic headwinds as it recovers from 2023 Banking Secure Trust Bank has reported swelling loan and deposit books as the lender aims to reach £4bn in net lending and grow its profits after a challenging 2023.
Secure Trust Bank hails record lending growth despite 24 per cent profit drop March 21, 2024 Secure Trust Bank has posted record lending growth in 2023, while annual profit fell due to one-off charges.