Business
FY2025 Trading Update and Sale of Vehicle Finance
Secure Trust Bank PLC reported a strong financial year for 2025, with adjusted profit before tax reaching £51.1 million, a year-on-year increase of over 30%, and total net lending growing to £3.7 billion in Q4, with continuing businesses showing 8.1% growth. The bank's CET1 ratio improved to 12.9%, reflecting capital accretion. The sale of the Consumer Vehicle Finance business is progressing, expected to yield a net gain of £9.0 million and boost the pro forma CET1 ratio to 14.7%. Full year results and strategic updates are scheduled for March 12, 2026. Disclaimer*
About this update from Secure Trust Bank Plc
[{"type":"text","content":"\n\nPRESS RELEASE\nSecure Trust Bank PLC\n5 February 2026\nFor immediate release\n \n \nSECURE TRUST BANK PLC\nFY 2025 trading update\nand\nUpdate on sale of Consumer Vehicle Finance business\n \nHighlights\n\nAdjusted profit before tax in line with consensus1 of £51.1 million, representing an increase of over 30% year-on-year\nTotal net lending increased to £3.7 billion2 in Q4 with 8.1% growth across continuing3 businesses\nCET1 ratio of 12.9%2 representing 60 bps capital accretion in the year\nSale of Consumer Vehicle Finance business4 progressing; expecting to generate net gain on sale of £9.0 million5 and further improves pro forma 2025 CET1 ratio by 180bps to 14.7%6\nFull year results and investor update on strategy and new medium-term targets on 12 March 2026\n\n\nSecure Trust Bank PLC (\"STB\" or the \"Group\"), a leading specialist lender, announces a trading update for the financial year ended 31 December 2025, and an update on the sale of the Consumer Vehicle Finance business4 (the \"Sale\"). Financial information relating to FY 2025 and FY 2026 is unaudited.\nBusiness Performance\nThe Group delivered adjusted profit before tax in line with consensus of £51.1 million1.\n\n\n\n\n\n\n\nQ4 2025\n£m2\n\n\nQ3 2025\n£m2\n\n\nQoQ % Change\n\n\nQ4 2024\n£m\n\n\nYoY % Change\n\n\n\n\nNet lending - continuing3\n\n\n£3,296\n\n\n£3,202\n\n\n2.9%\n\n\n£3,050\n\n\n8.1%\n\n\n\n\nNet lending - discontinued\n\n\n£391\n\n\n£469\n\n\n-16.6%\n\n\n£558\n\n\n-29.9%\n\n\n\n\nTotal net lending\n\n\n£3,687\n\n\n£3,671\n\n\n0.4%\n\n\n£3,609\n\n\n2.2%\n\n\n\n\nDeposits\n\n\n£3,510\n\n\n£3,449\n\n\n1.8%\n\n\n£3,245\n\n\n8.2%\n\n\n\n\n \nNet lending\nThe continuing loan book grew 2.9% in the quarter, up 8.1% compared to Q4 2024. This increase was driven by strong growth in Retail Finance in the year at 8.0%, and Real Estate Finance at 9.4%. Commercial Finance saw continued momentum in net lending, with a 3.2% increase compared to year-end 2024, and record levels of new business within the year.\nThe discontinued Vehicle Finance loan book decreased by 16.6% in the quarter and 29.9% year-on-year, as the book continues to run-down following the decision to exit the business, announced in July 2025.\nDeposits\nCustomer deposits were 8.2% higher year-on-year to support growth in the lending book, and remained stable compared to the ...