Simon Thompson 

PCF lending targets support accelerated profit growth

Simon Thompson

Simon Thompson

Aim-traded specialist bank PCF (PCF:34p) is making impressive progress towards hitting its loan book target of £350m by September 2020, having increased the portfolio by more than half to £275m in the 12 months to end March 2019. New business originations increased by 75 per cent to £121m in the latest interim results, of which £25m generated broker commission income and the balance was for ‘own book’ lending.

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