IPF boosts profits

International Personal Finance ticked all the right boxes last year, boosting customer numbers by 9 per cent to 2.4m but not at the expense of credit quality. By adhering to strict lending criteria, the lender managed to reduce impairments by 1.8 percentage points to 25.8 per cent of revenue. Profits would have been higher still without additional costs relating to more generous early settlement rebates, required under EU law, which rose by £13.3m.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now