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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

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