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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%.

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Price: 36 GBX

AIM:PCF
Market: AIM
Market Cap: £90.07 m
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PCF Group says growth in lending portfolio is ahead of plan

PCF Group Plc's (LON:PCF) Scott Maybury tells Proactive London's Andrew Scott that growth in its lending portfolio was ahead of plan in the financial year just ended. The specialist bank saw its lending portfolio grow to £338mln by the end of September, up 54% from £219mln a year earlier, and...

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