Anthony Coombs, chairman of car finance group (), told Proactive that it has seen a surge of new customers since February.
S & U tightened its lending criteria last year and it is now seeing the benefit, said Coombs.
Loan quality is improving, he adds, with lower impairments and faster collections.
Property finance arm Aspen is also going well with a record pipeline of applications.
Overall, the trends are very encouraging said Coombs in spite of an uncertain economic backdrop.
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