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BRIEF-Secure Trust Bank says H1 statutory pretax profit up 11 pct to 13.9 mln pounds
August 22, 2017 / 6:12 AM / in 3 months

BRIEF-Secure Trust Bank says H1 statutory pretax profit up 11 pct to 13.9 mln pounds

Aug 22 (Reuters) - SECURE TRUST BANK PLC:

* H1 STATUTORY PRETAX PROFIT 13.9 MILLION POUNDS VERSUS 12.5 MILLION POUNDS IN H1 2016

* COMMON EQUITY TIER 1 RATIO OF 15.3% (2016: 20.1%)

* INTERIM DIVIDEND OF 18 PENCE PER SHARE, COMPARED TO 17 PENCE PER SHARE IN H1 2016

* TOTAL ASSETS £1.67BN (2016: £1.35BN) UP 24%

* WE HAVE CONSIDERABLY REDUCED OUR ACTIVITIES IN HIGHER RISK CONSUMER LENDING AND DID SO BEFORE RECENT WARNINGS FROM BANK OF ENGLAND AND REGULATORY BODIES

* HAVE REALLOCATED CAPITAL TO LOWER RISK LENDING SEGMENTS

* H1 CUSTOMER DEPOSITS INCREASED TO £1,325.8M (2016: £1,042.6M) UP 27%

* H1 OVERALL LOAN BOOK INCREASED TO £1,509.6M (2016: £1,128.3M - CONTINUING OPERATIONS) UP 34%

* TOTAL CUSTOMER NUMBERS INCREASED BY 39% TO 849,365

* H1 REAL ESTATE FINANCE LENDING BALANCES UP 50% YEAR-ON-YEAR TO £541.4M Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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