18th Jun 2018 12:20
LONDON (Alliance News) - Non-Standard Finance PLC on Monday said trading remains in line with forecasts with growth in loan book in the second quarter of 2018.
Prior to hosting a visit for analysts and investors to its Everyday Loans and Guarantor Loans divisions, the finance company said its overall performance in the second quarter has been in line with management expectations.
Non-Standard Finance said it saw a strong year-on-year loan book growth across all of its divisions while impairment also remained in-line with guidance.
Guarantor Loans unit has continued to deliver month-on-month growth in loan volumes and customer numbers, the company said.
Meanwhile, Everyday Loans unit saw an opening of 11 new branches during the period.
Performance in Home Credit unit was driven by extra staff. Non-Standard Finance said it added over 460 agents since the start of the year.
The company expects to announce its results for the six months to the end of June on August 2.
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