By Sabela Ojea
Secure Trust Bank PLC said Friday that total new-business lending rose significantly in the fourth quarter, reaching a record for the lender.
The London-listed private and commercial bank said total new-business lending rose in the fourth quarter to a record of 471.1 million pounds ($645.6 million), which was 52% higher than in the fourth quarter of 2020.
The company achieved record levels of new lending in real-estate finance, vehicle finance and retail finance, it said.
“While we remain mindful of the continued impacts of the pandemic on the macroeconomic environment, our performance has heightened our confidence in delivering our growth ambitions,” Chief Executive David McCreadie said.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix
Stocks expected to roar back include PayPal, Paycom, Etsy and SolarEdge.
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