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

Secure Trust Bank CEO, David McCreadie and CFO, Rachel Lawrence present their results for the six months to 30 June 2024, followed by Q&A. David McCreadie, CEO00:22 - Introduction01:01 - H1 2024 overview Rachel Lawrence, CFO08:02 - Income statement09:42 - Net interest margin1!:04 - Cost of funds11:39 - Operating expenses12:42 - Project Fusion cost savings13:35 - Impairment charges and provisions16:34 - Balance sheet17:53 - Capital18:14 - Funding and Liquidity David McCreadie, CEO18:50 - Strategic focus19:11 - Strategic progress23:53 - Retail Finance25:39 - Vehicle Finance27:05 - Real Estate Finance28:13 - Commercial Finance29:43 - Savings30:44 - Summary and outlook 32:48 - Q&A 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.