15th May 2018 09:26
LONDON (Alliance News) - Charter Court Financial Services Group PLC said Tuesday its loan book was up 28% from the year before.
For the first quarter of 2018, the specialist challenger bank's loan book grew to GBP5.5 billion from GBP4.3 billion the year before.
The company gained GBP668.2 million from new loan origination, with a strong performance in buy-to-let and specialist residential core segments.
The bank executed two securisations totalling GBP620.6 million in the three months to March 31, it said.
"I am pleased to report another strong quarter for Charter Court. We have successfully maintained the strong momentum in our mortgage originations pipeline at year end 2017 into the first quarter of 2018, while taking the opportunity to price up our mortgage products in response to higher swap rates," Chief Executive Officer Ian Lonergan said.
"Looking ahead, we continue to see strong demand for our buy to let and specialist residential mortgages and remain confident in our stated financial targets."
Shares in Charter Court were trading at 312.50 pence up 2.4%.
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