Charter Court Financial Services’ (CCFS) loan book jumped more than a quarter during the third quarter, with management improving guidance for new business for the full year.
IC TIP:
Buy
at
298p
New loans of £0.7bn were written during the quarter and are expected to be ahead of the £2.7bn previously expected for 2018. The loan book should end the year up by more than a fifth on 2017, with the net interest margin and credit performance stable on the half-year. The alternative lender has also continued to diversify its funding sources, growing customer deposits by 14 per cent during the third quarter to £4.5bn.
