PRESS RELEASE
For immediate release
PRE-CLOSE TRADING UPDATE
The Group has traded well during the last quarter of 2013 and as a result expects to report profit before tax for 2013 in line with market expectations.
The Group has been investing in its Retail Finance business and is pleased to announce a number of important positive developments including the agreement of a new five year contract with the
The Group further notes that demand for its deposit products remains strong and continues to attract new fixed rate deposits with 3, 5 and 7 year maturities, which are attractively priced for both the Group and the customers. This strategy provides robust term funding and positions the balance sheet to cover a scenario where interest rates rise faster than some are currently forecasting.
STB enters its 60th year since incorporation with strong capital and liquidity positions, a clear strategy to maximise the potential of its existing Retail Finance, Motor and Personal Unsecured Lending activities while diversifying into secured lending areas to broaden the Group's overall business. In addition STB continues to work on an on-going pipeline of organic and external business opportunities.
-ENDS-
Enquiries:
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Tel: 020 7012 2400 |
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Tel: 0121 693 9100 |
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Tel: 020 7012 2400
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Tel: 020 7665 4500 |
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Tel: 020 7523 8000 |
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Tel: 020 7861 3232 |
This information is provided by RNS