bullish
Pioneer Credit Limited - Return to Profitable Growth
SUMMARY
- Pioneer Credit Limited (ASX:PNC) was founded in 2009 and listed on the ASX in 2014. The company has grown to be one of the leading acquirers and managers of impaired credit in Australia by maintaining strong customer engagement, an unblemished compliance record with ASIC and strong relationships with Australia’s largest bank and non-bank lenders.
- PNC currently purchases debt from 18 different vendor partners with long-term partnership purchasing arrangements in place with Commonwealth Bank of Australia (ASX:CBA).
- A change to Australian Accounting Standards in 2019 and subsequent audit uncertainty resulted in significant corporate disruption.
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