Secure Trust Bank - FY21 earnings beat with momentum
Secure Trust Bank (STB) reported FY21 PBT of £56.0m (£57.4m normalised, we forecast £52.7m) and a ROE of 15.9%. The beat was driven by provision...
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Secure Trust Bank - Selling debt purchase loan book
Secure Trust Bank (STB) disclosed on 11 March that it is exiting the debt purchase market by agreeing to sell its Debt Managers Service (DMS)...
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Secure Trust Bank - Pre-close shows loan growth ahead of forecasts
STB disclosed in its pre-close trading update that loan growth is strong and ahead of our forecasts. STB said that it saw a record level of new...
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Secure Trust Bank - New tech and lower impairments
Secure Trust Bank (STB) announced that it has acquired AppToPay for an undisclosed ‘small amount’ and plans to use AppToPay’s proprietary...
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Secure Trust Bank - Capital markets day optimism
After Secure Trust Bank’s (STB) upbeat trading update in October, we feel there was a bullish tone to its capital markets day presentations on 3...
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