Business
Capital Markets Event and new lending book target
Capital Markets Event and new lending book target.
About this update from Secure Trust Bank Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1092R\n Secure Trust Bank PLC\n 03 November 2021\n \n \n \n \n PRESS RELEASE\n \n \n Secure Trust Bank PLC\n \n \n LEI: 213800CXIBLC2TMIGI76\n \n \n 3 November 2021\n \n \n For embargoed release at 07.00 am\n \n \n \n \n \n \n \n \n SECURE TRUST BANK PLC\n \n \n \n \n \n Secure Trust Bank: Capital Markets Event and new lending book growth target\n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. \n \n \n \n \n \n Secure Trust Bank PLC ('STB') will be hosting a capital markets event for analysts and institutional investors at 10am today, 3 November 2021.\n \n \n \n \n \n The event will cover STB's refreshed strategy and the significant growth opportunities it sees across its businesses. The event includes presentations from the CEO, CFO and management of the Retail Finance, Vehicle Finance, Real Estate Finance and Commercial Finance divisions.\n \n \n \n \n \n Secure Trust Bank's refreshed strategy is built around three priorities:\n \n \n \n \n \n · \n \n Grow:\n \n Generate growth and attractive returns in specialist segments and exploit digital capabilities to build scale and drive cost efficiency\n \n \n · \n Sustain: Create sustainable value through market expertise and deep customer knowledge and utilise strong credit discipline, capital allocation and risk management capabilities\n \n \n · \n Care: Help customers with simple, clear and compelling products and deliver consistently excellent customer care and swift outcomes\n \n \n \n Secure Trust Bank also announces a new medium‐term target for Lending book growth using year-end 2020 balances as a base. 1 The target is to deliver 15%+ compounded annual growth rate (CAGR), over the medium term, demonstrating the potential the Group sees to scale organically as it emerges from the pandemic. Other than this, no new material trading information will be disclosed during the event.\n \n \n \n A live webcast of the presentation and slides will be available at the following link at 10am:\n \n Topic: Secure Trust Bank Capital Markets Day\n Time: Nov 3, 2021 10:00 AM London\n Join Zoom M...