Plenti Group Ltd. (AU:PLT) has released an update.
Plenti Group Limited reported a robust first quarter in 2024, with their loan portfolio climbing to $2.2 billion, a 16% increase year-on-year and a 3% rise from the previous quarter. Despite a slight dip in loan originations compared to the previous year, due to reduced commercial car loan demand, the company saw strong growth in renewable energy loans, bolstered by a new funding partnership. Additionally, the successful initial phase launch of the ‘NAB powered by Plenti’ car loan indicates promising future business prospects.
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