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PCF's Maybury: New banking platform is "absolutely transformational"

PCF Group

Private & Commercial Finance Group PLC's Scott Maybury tells Proactive that the group's new banking platform has been "absolutely transformational" for the company.

He adds that the platform gives the bank access to cheaper funds, as well as a resilience as the group no longer relies on banks for lending.

Maybury also says that an increase in the group's retail deposits has allowed PCF to increase its new business volumes by 97%.

Quick facts: PCF Group Plc

Price: 20.11 GBX

AIM:PCF
Market: AIM
Market Cap: £53.05 m
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PCF Group Plc's (LON:PCF) Scott Maybury tells Proactive London's Andrew Scott the specialist business bank has entered the current coronavirus crisis in a strong financial position. He says up until February, business was strong, but the impact of the lockdown has since seen new loans issued...

on 27/4/20

2 min read