Half Year Results 

H&T targets lower risk lending

H&T targets lower risk lending

Given the inherent unpredictability of the gold price, H&T's (HAT) strategy of diversifying further towards personal loans make sense. To that end, the pawnbroking specialist grew the personal net loan book by more than three-quarters during the first-half to £17.8m. However, following the Financial Conduct Authority’s clampdown on ‘high-cost short-term credit’, an increased proportion of customers were offered lower APR products. That meant half of loans came under the regulator’s ‘high-cost’ category, down from 71 per cent the prior year.

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