17th Jan 2017 08:07
LONDON (Alliance News) - Sub-prime lender Non-Standard Finance PLC on Tuesday said it saw growth in the loan books of its Everyday Loans and Loans at Home businesses in 2016.
At Everyday Loans, its total loan book at the end of December was GBP122.4 million, up 18% year-on-year. Five new branches have been opened since Non-Standard Finance bought the business in April 2016 and the firm intends to continue this expansion in 2017.
Loans at Home, meanwhile, saw its loan book increase to GBP33.4 million at the end of December from GBP28.4 million a year before. Non-Standard Finance will continue expanding the business in 2017, including the full roll-out of the new Loans at Home mobile app.
In its Trusttwo business, the loan book was boosted in the final quarter and was at GBP8.8 million at the end of December, up 19% year-on-year. Non-Standard Finance will launch an improved version of the Trusttwo website in the first quarter of 2017.
Non-Standard Finance will publish its 2016 results on March 3.
By Sam Unsted; [email protected]; @SamUAtAlliance
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