May 3, 2017 / 6:24 AM / 3 months ago

BRIEF-IPF says first-quarter group customer numbers down 2 pct

2 Min Read

May 3 (Reuters) - International Personal Finance Plc :

* Q1 group customer numbers decreased by 2 pct

* Group Q1 growth in credit issued of 5 pct

* Q1 IPF digital credit issued grew by 61 pct

* Q1 IPF digital customer numbers grew by 47 pct

* Q1 IPF digital customer numbers grew by 47 pct

* Credit quality and collections in home credit business overall good; annualised impairment as percentage of revenue at 26.4 pct

* Q1 Mexico home credit customer numbers grew by 4 pct

* Q1 europe home credit customer numbers contracted by 9 pct

* Credit issued in Q1 reduced by 5 pct reflecting growth in Hungary and Bulgaria but offset by a contraction in Romania

* Q1 Mexico home credit issued grew by 20 pct

* Q1 Europe home credit issued decreased by 7 pct

* Implemented new processes to ensure compliance with new regulations in Romania; working to improve performance in this market

* IPF Digital Q1 performance driven by our new digital markets of Poland, Australia, Spain And Mexico; credit issued growth was 254 pct

* There have been no material changes to regulatory framework since our 2016 full-year results announcement Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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