24th Mar 2022 17:20
Secure Trust Bank PLC - Solihull, England-based savings accounts and lending services provider - Operating income slips to GBP164.5 million for 2021 from GBP166.1 million in 2020, with net interest income flat at GBP150.8 million versus GBP150.9 million, but net fee & commission income falling to GBP13.7 million from GBP15.2 million. Pretax profit jumps to GBP56.0 million from GBP19.1 million. Firm books net impairment charge on loans and advances to customers of just GBP4.5 million, far less than the GBP51.3 million expense taken in 2020. Total new business lending volumes increase 42% to GBP1.46 billion. Will recommend final dividend of 41.1p, taking total payout for year to 61.1p, up from 44.0p in 2020. Read More
