Secure Trust Bank (STB) Interim results overview - August 2024

David McCreadie, CEO gives an overview of the interim results for the period ending 30th June 2024. 00:26 Summary of the period01:26 Highlights02:23 Efficiencies & cost saving targets03:10 Risk adjusted margins03:50 Tangible book value & dividend04:10 Strategic progress06:16 Retail Finance07:03 Vehicle Finance07:32 Business Finance08:09 Commercial Finance08:47 Savings capability to support lending09:17 Outlook Secure Trust Bank PLC is a United Kingdom-based retail bank. The Company’s segments include Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Real Estate Finance is engaged in lending secured against property assets to a maximum 70% loan-to-value ratio, on fixed or variable rates over a term of up to five years. Commercial Finance is engaged in lending predominantly against receivables, typically releasing 90% of qualifying invoices under invoice discounting facilities. Other assets can also be funded either long or short-term and for a range of loan-to-value ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and near-prime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online e-commerce service to retailers, providing unsecured lending products to prime United Kingdom customers.