Delay of year-end results announcement

International Personal Finance Plc
26 February 2024

26 February 2024


International Personal Finance plc

Delay of year-end results announcement


International Personal Finance plc (the "Group"), the provider of unsecured consumer credit to underserved consumers in nine countries, is delaying the announcement of its year-end results for the fiscal year ending 31 December 2023 due to the receipt by Provident Polska, the Group's Polish business, of a regulatory communication from Komisja Nadzoru Finansowego (KNF), the Polish Financial Supervision Authority. The letter details the KNF's views on how existing laws and regulations relating to non-interest fees should be interpreted by credit card issuers. The Group is considering the potential impact of the communication from the KNF on the performance of Provident Polska and whether this needs to be considered in finalising the Group's 2023 year-end results.


The Group understands that the letter was provided to all regulated lenders operating in the Polish credit card market. The Group is therefore reviewing, with the assistance of external counsel, what the impact of this sector-wide communication might be and whether it constitutes a significant change to the existing approach taken by the KNF. 


The Group confirms that its year-end results reflect a stronger than expected trading performance in 2023 and this momentum has continued in early 2024. The 2023 results will be deferred until the contents of the KNF letter can be considered fully by management and the audit process completed. As the letter was only received in the last few days, the Group considers it prudent to take the time to understand the contents of the communication fully, and this work is expected to take around a week to complete, following which the results will be released.


The Group's Polish business has an excellent track record of adapting to the evolving regulatory environment and has developed a broad range of products as it continues to play an important role in providing credit for underbanked and underserved consumers in the Polish market. Polish credit card receivables represent just over 5% of the Group's receivables and approximately 25% of overall receivables in Poland.



Investor relations contact: For any inquiries related to this announcement, please contact Rachel Moran on +44 (0)7760 167637.


This announcement contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied by such statements.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regime.


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