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International Personal Finance PLC (IPF.L)

IPF.L on London Stock Exchange

197.50GBp
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Lender IPF says evaluting changes to Polish business
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - International Personal Finance Plc ::‍NO LEGISLATIVE DEVELOPMENT ON POLISH TOTAL COST OF CREDIT PROPOSALS.INTERNATIONAL PERSONAL FINANCE PLC - ‍GROUP Q3 CREDIT ISSUED GROWTH OF 5%​.INTERNATIONAL PERSONAL FINANCE PLC - ‍Q3 GROUP ANNUALISED IMPAIRMENT AS A PERCENTAGE OF REVENUE IN TARGET RANGE AT 26.2%​.INTERNATIONAL PERSONAL FINANCE PLC - ‍£163M OF HEADROOM ON DEBT FACILITIES AT 30 SEPTEMBER 2017​.IPF- ‍IN NORTHERN EUROPE, CREDIT ISSUED CONTRACTED BY 2% DRIVEN BY CONTINUED SHRINKAGE IN CZECH REPUBLIC WHERE COMPETITION REMAINS INTENSE​.INTERNATIONAL PERSONAL FINANCE PLC - ‍Q3 CREDIT ISSUED IN HOME CREDIT WAS FLAT COMPARED TO Q3 2016​.IPF- ‍SEPTEMBER'S PERFORMANCE IN MEXICO WAS ADVERSELY IMPACTED BY EARTHQUAKES WHICH CAUSED WIDESPREAD DISRUPTION FOR MANY OF OUR FIELD-BASED OPERATIONS​.IPF- ‍RECENT REGULATORY CHANGES MEAN THAT OUR BUSINESS IN ROMANIA WILL, IN FUTURE, BE REGULATED DIRECTLY BY NATIONAL BANK​.IPF- ‍PRICE CAP IN ROMANIA IS LIKELY TO LEAD TO A FURTHER TIGHTENING OF CREDIT CRITERIA AND A SIGNIFICANT REDUCTION IN VOLUME OF LOANS PROVIDED.‍GROWTH GUIDANCE FOR YEAR REMAINS UNCHANGED FOR EUROPEAN HOME CREDIT AND IPF DIGITAL​.IPF- ‍IN MEXICO, WE EXPECT TO SEE SLIGHTLY SLOWER RATES OF CREDIT ISSUED GROWTH AS A RESULT OF DISRUPTION CAUSED BY EARTHQUAKES​.IPF- ‍FOR GROUP AS A WHOLE, OUR IMPAIRMENT EXPECTATIONS FOR 2017 REMAIN UNCHANGED NOTWITHSTANDING NEGATIVE IMPACT OF EARTHQUAKES IN MEXICO​.  Full Article

International Personal Finance H1 underlying profit before tax falls
Thursday, 28 Jul 2016 

International Personal Finance Plc : Group impairment as a percentage of revenue in target range at 25.9 pct . Strong growth momentum delivered by Southern Europe . New product offering introduced in Poland to comply with new regulations - no change in guidance on expected financial impact . Good progress in slovakia - collections progressing ahead of expectations . During first half of year, group profit before tax and exceptional items was 12.6 m stg lower than 2015 at 30.7 mln stg . Competition in our european markets remains intense and there has been little change in Polish market dynamics following introduction of new total cost of credit legislation in March 2016 . Our home credit business delivered profit before tax of 42.7 mln stg in first half of 2016 which comprised 45.2 mln stg from our on-going businesses and a loss of £2.5m in slovakia . Interim dividend 4.6 penceper share . Half-Year financial report for six months ended 30 june 2016 . Underlying profit before tax declined 22% (£9.7m) before £1.8m positive fx impact and additional investment of £4.7m in ipf digital . Delivered increase in credit issued of 6% † and customer growth of 1% . Cost optimisation programme delivers £12m annualised savings . Disappointing first half in mexico - actions taken to improve short-term performance and capture long-term potential . Interim dividend maintained at 4.6 pence per share.  Full Article

International Personal Finance Plc announces final dividend
Wednesday, 24 Feb 2016 

International Personal Finance Plc:Says final dividend of 7.8 pence per share will be payable which will bring the full year dividend to 12.4 pence per share (2014: 12.0 pence per share), an increase of 3.3 pct. for the year.Says final dividend will be paid on May 13, 2016 to shareholders on register at close of business on April 8, 2016.Says shares will be marked ex-dividend on April 7, 2016.  Full Article

UPDATE 1-Lender IPF evaluates changes to Polish operations

Oct 24 International Personal Finance (IPF), which provides small personal loans in Europe and Mexico, said it is evaluating possible changes to its Polish operations as it tries to reduce the impact of changes to Poland's corporate tax rate.