Intl. Personal Finance on track for full-year results

International Personal Finance delivered a satisfactory trading performance, the company said, and was on track to deliver a result for the full-year which would be broadly in line with consensus.

Credit issued jumped 8% year-on-year, with customer numbers up by 2%.

Credit quality remained "good", management added, with annualised impairments as a proportion of revenues at 26.5%, within its target range.

The company said the Mexican market continued to deliver strong sustained growth. Customer numbers grew 8% and credit issued by another 24%.

Europe witnessed another quarter of improvement in credit issued, which increased 2% after falls of 4% and 2%, each, in quarters one and two respectively.

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