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PCF Group sets new records with increasing profitability and 'delivering on key objectives'

Scott Maybury, chief executive of PCF Group Plc (LON:PCF), caught up with Proactive London's Andrew Scott to discuss the group's preliminary results for the year to the end of September 2018.

PCF's hiked its final dividend by 58% after delivering record profits and meeting its key strategic objectives in its first full year as a bank.

The specialist lender, which became a fully operational bank in July 2017, said pre-tax profit jumped 44% to £5.2mln from £3.6mln a year ago after receiving a banking licence led to cheaper cost of funds.

Quick facts: PCF Group Plc

Price: 34.64 GBX

AIM:PCF
Market: AIM
Market Cap: £86.67 m
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PCF Bank's Scott Maybury reports on strong lending growth and increased...

PCF Group Plc's (LON:PCF) Scott Maybury speaks to Proactive London's Andrew Scott after the specialist lender posted record numbers in its latest year. Loans outstanding rose 55% to £339mln with profits for the twelve months to September climbing by 54% to £8mln. Maybury says targets for a...

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