bullish
S&U - Positive trend in quantity and quality of lending
SUMMARY
S&U’s trading update for the period since its half-year end confirmed that it is trading in line with expectations and our estimates are unchanged. Transactions and receivables outstanding continue to grow even though underwriting criteria have been tightened. Impairment rates have edged up further but should stabilise and reverse as the loan book mix evolves.
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- S&U - Positive trend in quantity and quality of lending08 Dec 2017
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