IN BRIEF: Provident Financial on track as moves lending to near-prime
19th May 2022 12:39
Provident Financial PLC - Bradford, England-based consumer finance company - Says it continued to trade in line with market expectations in the first quarter of 2022. Says Credit Card business experienced a recovery in customer spend patterns to 2019 levels. New customer bookings increased by roughly 25% year-on-year in the unit. Vehicle Finance business benefited from a "buoyant" second-hand vehicle market during the period. Adds that Personal Loans arm saw open-market loan volumes ahead of expectations, leading to receivables ending the period being "slightly" ahead of the year before. Remains on track to meet market expectations for 2022. Read More