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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 well on the way to the group's £350mln target, a year ahead of plan.

Maybury adds that new business originations rose 51% to £223mln, up from £148mln in the same period a year ago, with 74% of those in the group's prime credit grades, up from 70% in the corresponding period of last year.

Quick facts: PCF Group Plc

Price: 21.125 GBX

Market: AIM
Market Cap: £52.86 m

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on 27/4/20

2 min read