IN BRIEF: Secure Trust boosts lending as good momentum continues
Secure Trust Bank PLC - Solihull, England-based provider of savings accounts and lending services - Says trading in third quarter of 2023 was in line with expectations, and the net loan book "continued to grow". Net lending increased 14% to GBP3.21 billion from GBP2.81 billion for the same quarter in 2022. New business lending is up 15% year-on-year to GBP578.7 million from GBP502.1 million, but down 7.3% from the second quarter of 2023 from GBP624.0 million "as spending by consumers softened." Deposits are up 16% to GBP2.72 billion from GBP2.35 million. Read More