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S & U encouraged by quality of lending book

S & U encouraged by quality of lending book

S & U PLC (LSE:SUS) deputy chairman Graham Coombs tells Proactive's Thomas Warner that the company's first-half performance was "pretty satisfactory" given current economic circumstances, supporting a 6% increase in its first interim dividend to 35p.

Coombs says the company has grown assets in both its motor finance and bridging and property finance businesses, auguring well for the future. Importantly, the quality of their lending books is encouraging despite current turbulent conditions, he adds.

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