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Secure Trust Bank's first-half profit jumps on surge in lending
August 22, 2017 / 6:22 AM / a month ago

Secure Trust Bank's first-half profit jumps on surge in lending

Aug 22 (Reuters) - Secure Trust Bank said it further tightened its credit risk appetite and acceptance criteria for small- and medium-sized customers over the first six months of the year, on slowing economic growth and heightened levels of uncertainty.

Secure Trust, which offers both business and consumer finance, reported on Tuesday a 11 percent jump in pretax profit to 13.9 million pounds ($17.9 million) for the six months to June 30 as lending surged across all of its business units.

$1 = 0.7759 pounds Reporting by Esha Vaish and Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri

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