Experian grows in Latin America

Experian grows in Latin America

Tightening of credit standards in the US slowed the growth of Experian's (EXPN) US business in the final quarter of its 2017 financial year, going against the prevailing trend. Overall, revenue in the North American business was up 7 per cent, most of which was generated organically. The standout performer, however, was the group's Latin American business, which saw organic revenue growth of 9 per cent for the year. The group's performance in Brazil was driven by expansion within major banks, new services offered to small- and medium-sized businesses and counter-cyclical products such as delinquency notifications.

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