- Challenger bank Charter Court reported 'strong' quarterly performance as its loan book was bolstered by a record first-quarter of new loan originations.

The loan book was up 17.9% year-on-year to £6.5bn during the quarter, thanks to a record first-quarter new loan originations of £710m, up from £668m a year earlier, with 'strong' performance across core buy to let, residential and short-term mortgage segments,' the company said.

Customer deposits up 29.7% year-on-year to £5.6bn at 31 March 2019 and the CET ratio was 16.3%.

'Despite a challenging macroeconomic and market backdrop, the Group completed the sale of its residual interest in two securitisations in January for a pre-tax gain of £30 million, equivalent to a 5.3% premium on the underlying £564 million of mortgage assets,' said Ian Lonergan, CEO of Charter Court.

'Our performance in the first quarter continues to reflect the resilience of our lending operations and demonstrates our ability to structure and execute complex transactions, even in difficult market conditions.'

At 9:35am: [LON:CCFS] Charter Court Financial Services Group Plc share price was +0.75p at 352.75p

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