- Specialist bank PCF Group booked a 42% rise in annual profit as it grew the size of its loan and deposit books.

Pre-tax profit for the year through September rose to £5.2m, as the portfolio grew 50% to £219m and retail deposits jumped to £191m.

The bank's net interest margin reduced slightly to 8.2%, down from 8.3%, and impairments remained low at 0.5%.

PCF declared a final dividend of 0.3p per share, up 58% on-year.

Chairman Tim Franklin said the company was a year ahead of schedule to meet its £350m medium-term profit target.

'This has been an excellent year for PCF Bank,' he said.

'We report increasing profitability and are delivering on our key strategic objectives.'

At 9:53am: [LON:PCF] PCF Group PLC share price was +0.1p at 37p

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