Capital Markets Event and new lending book target
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
3 November 2021
For embargoed release at 07.00 am
SECURE TRUST BANK PLC
Secure Trust Bank: Capital Markets Event and new lending book growth target
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
Secure Trust Bank PLC ('STB') will be hosting a capital markets event for analysts and institutional investors at 10am today, 3 November 2021.
The event will cover STB's refreshed strategy and the significant growth opportunities it sees across its businesses. The event includes presentations from the CEO, CFO and management of the Retail Finance, Vehicle Finance, Real Estate Finance and Commercial Finance divisions.
Secure Trust Bank's refreshed strategy is built around three priorities:
· Grow: Generate growth and attractive returns in specialist segments and exploit digital capabilities to build scale and drive cost efficiency
· Sustain: Create sustainable value through market expertise and deep customer knowledge and utilise strong credit discipline, capital allocation and risk management capabilities
· Care: Help customers with simple, clear and compelling products and deliver consistently excellent customer care and swift outcomes
Secure Trust Bank also announces a new medium‐term target for Lending book growth using year-end 2020 balances as a base. 1 The target is to deliver 15%+ compounded annual growth rate (CAGR), over the medium term, demonstrating the potential the Group sees to scale organically as it emerges from the pandemic. Other than this, no new material trading information will be disclosed during the event.
A live webcast of the presentation and slides will be available at the following link at 10am:
Topic: Secure Trust Bank Capital Markets Day
Time: Nov 3, 2021 10:00 AM London
Join Zoom Meeting
https://us02web.zoom.us/j/81698076010?pwd=dnRnd2N3amJ6WkI3OWUxT3RzTHNpUT09
Meeting ID: 816 9807 6010
Passcode: 742975
Notes:
1 At 31 December 2020 the Group's total net lending balances less the Mortgages and Asset Finance portfolios (which have been disposed of) was £2,270.8m.
Enquiries:
Secure Trust Bank PLC
David McCreadie, Chief Executive Officer
Rachel Lawrence, Chief Financial Officer
Tel: 0121 693 9100
Stifel Nicolaus Europe Limited (Joint Broker)
Robin Mann
Gareth Hunt
Stewart Wallace
Tel: 020 7710 7600
Canaccord Genuity Limited (Joint Broker)
Andrew Potts
Tel: 020 7523 8000
ENDS
Forward looking statements
This document contains forward looking statements about the business, strategy and plans of STB and its current objectives, targets and expectations relating to its future financial condition and performance. Statements that are not historical facts, including statements about STB's or management's beliefs and expectations, are forward looking statements. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. STB's actual future results may differ materially from the results expressed or implied in these forward-looking statements as a result of a variety of factors. These include UK domestic and global economic and business conditions, risks concerning borrower credit quality, market related risks including interest rate risk, inherent risks regarding market conditions and similar contingencies outside STB's control, the COVID-19 pandemic, expected credit losses in certain scenarios involving forward looking data, any adverse experience in inherent operational risks, any unexpected developments in regulation or regulatory, and other factors. The forward-looking statements contained in this document are made as of the date of this document, and (except as required by law or regulation) STB undertakes no obligation to update any of its forward looking statements.
About the Company:
Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 69 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 940 employees (full‐ time equivalent) as at 30 June 2021. The Group's diversified lending portfolio currently focuses on two sectors:
(i) Business Finance through its Real Estate Finance and Commercial Finance divisions,
(ii) Consumer Finance through its Vehicle Finance, Retail Finance and Debt Management divisions
Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH.
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