7th May 2015 09:18
LONDON (Alliance News) - Provident Financial PLC Thursday said it is well-placed for growth in 2015, citing "sound credit quality" across its three divisions and a "strong start" to the year for its businesses.
"All group businesses have made a strong start to 2015. Collections performance in the important first quarter trading period has been strong and credit quality in all three divisions is very sound, providing the foundation for another year of good-quality growth in 2015," Chairman Manjit Wolstenholme said in a statement.
The update, which coincides with the company's annual meeting of shareholders, covered developments at the lender between the beginning of 2015 and May 6.
Provident Financial shares were down 2.3% at 2,941.00 pence on Thursday following the mid-morning announcement. The stock is up by about 19% so far in 2015.
By Samuel Agini; [email protected]; @samuelagini
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