Lower-risk lending boosts bank’s profits

Paul Lynam, chief executive of Secure Trust Bank
Secure Trust Bank has increased pre-tax profits by more than 30%, boosted by lower risk lending and growth across the business. The stock market-listed company has repositioned its business model towards lower risk lending in attractive market segments, reducing impairment losses, and has continued to achieve growth in both business finance and consumer finance. Earlier this year Secure Trust Bank Commercial Finance opened an office in Birmingham as part of its expansion plans. Headed up by regional managing director David ... For the full story register now for free or login below...