Business
Annual General Meeting Statement - 2013
Annual General Meeting Statement - 2013.
About this update from Secure Trust Bank Plc
[{"type":"text","content":"\n \nRNS Number : 2707E Secure Trust Bank PLC 08 May 2013 \n \n\n \nPRESS RELEASE\nFor immediate release\n \n8 May 2013\n \n \n \nSecure Trust Bank PLC\n \nAnnual General Meeting Statement - 2013\n \n \nThe Board of Secure Trust Bank PLC (\"Secure Trust\") announces today that shareholders approved all the resolutions proposed at the Annual General Meeting of Secure Trust held today Wednesday 8 May 2013.\n \nAt the meeting Henry Angest, Chairman made the following statement:\n \n\"Secure Trust has continued to trade well during the first few months of the year with strong levels of organic new lending. Motor finance new lending volumes in April represented a record month. \n \nHaving applied to join the Funding for Lending Scheme (FLS) in September 2012 Secure Trust has recently received confirmation that it can access the scheme but the precise terms have yet to be advised to us. The bank has new lending products ready for launch once it has access to the FLS funding. \n \nEveryday Loans is delivering a strong performance and new branches have been opened in Belfast and Ipswich, and a further branch will open shortly in Edinburgh. The V12 operations are being integrated with those of the existing Secure Trust Retail Finance business, and management see significant potential in this area as the retail market recovers. New senior sales staff are being recruited and the business expects to see further growth once a larger sales team is in place. The integration of Debt Managers (Services) Limited is progressing as anticipated. \n \nSecure Trust continues actively to work on a pipeline of significant business development opportunities. As always management exercises prudent judgement in assessing these opportunities, in particular taking into account the on-going economic uncertainties.\"\n \n \n \n \n-ENDS-\n \n \n \nSecure Trust Bank PLC\nNotes to Editors\nSecure Trust Bank is a longstanding established UK bank. Its core business is to provide banking services including a range of lending solutions and saving products. It also provides fee-based current accounts to UK customers who may not be adequately served by other banks. \nThe Company, which was incorporated in 1954, operates from its head office in Solihull,...