StockMarketWire.com - Secure Trust Bank continued to trade well during the first few months of the year with strong growth in overall new lending volumes, chairman Henry Angest told shareholders at the annual general meeting today.

He said: " "Our Consumer Finance businesses continue to make significant progress compared to the same period in 2014. Relative to Q1 2014 new lending volumes in Retail Finance and Motor Finance have grown by 121% and 22% respectively. "In the SME lending market we continue to see strong demand for our products. Momentum is building in line with management expectations and lending balances now exceed £200m. Secure Trust Bank Real Estate Finance has a significant pipeline of new business opportunities. The Commercial Finance and Asset Finance businesses continue to develop as planned. "Secure Trust Bank continues to work on a diverse pipeline of business development opportunities. With strong capital and funding positions we believe we are well positioned to make further positive progress during the year." All resolutions proposed at the AGM were approved.


At 3:28pm: [LON:STB] Secure Trust Bank PLC share price was -13p at 2854.5p



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