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.
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.