Momentum builds at credit provider amidst continued customer demand

Leeds-based unsecured consumer credit provider, International Personal Finance (IPF), has reported a strong balance sheet and funding position, including £36m of new bank facilities secured in 2025 and headroom of £122m.

Releasing a quarter one 2025 trading update today, the business says customer lending momentum continued in quarter one, up 12 per cent at constant exchange rates year-on-year, reflecting continued strong demand.

At the end of the first quarter, the group had total debt facilities of £644m comprising £390m of bonds, and £254m of bank facilities.

Gerard Ryan, chief executive officer, said: “We have begun the year with real momentum, which is reflected in the sustained growth we have delivered in customer lending and receivables across the group – particularly in Poland, Romania, and our digital businesses in Mexico and Australia.

“We are also very pleased to see continued strong customer repayment behaviour and excellent credit quality. 

“We are making very good progress in delivering our Next Gen strategy, which is focused on unlocking the long-term potential of the group.

“Both our balance sheet and funding position are in great shape, and with our strong first quarter performance, we are confident in our ability to accelerate growth and increase financial inclusion through the remainder of 2025.”

IPF adds that a planned £15m share buyback has not yet begun but is expected to be completed by the third quarter of 2025.