6th Aug 2020 14:28
Secure Trust Bank PLC - UK retail and commercial bank - Pretax profit for six months to June 30 dives 72% to GBP5.1 million from GBP18.1 million. Adjusted pretax profit down 69% to GBP5.8 million. Net interest income rises to GBP77.9 million from GBP70.5 million. Fee and commission income falls to GBP7.0 million from GBP10.9 million. Impact of the pandemic has increased cost of risk in first half to 2.9% from 1.4% in 2019. Common equity tier 1 ratio rose to 13.5% from 12.8%. No interim dividend recommended. Forward guidance remains suspended due to continuing economic uncertainty.
Current stock price: 668.00 pence
Year-to-date change: down 58%
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Secure Trust