StockMarketWire.com - Sub-prime lender Non-Standard Financial said its loan book had grown since the start of the year, while impairment rates had fallen, keeping it 'optimistic' for the full year.

The company's Everyday Loans business now had 73 branches compared to 36 when it was acquired in 2016.

'In guarantor loans, the recent trends in loan book growth have also continued,' the company said.

Loans at Home, meanwhile, had seen a modest increase in risk adjusted margins as the company improved the mix of lending towards shorter-term loans.

Non-Standard Financial also confirmed that it had declared its takeover bid for rival Provident Financial unconditional.

'We are continuing to engage with Provident Financial shareholders that have yet to accept our offer and are also working towards satisfying all of the other outstanding offer conditions,' it said.


At 8:33am: [LON:NSF] Nonstandard Finance Plc share price was +0.2p at 48.45p



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