Secure Trust Bank (GB:STB) has released an update.
Secure Trust Bank PLC has reported a positive first quarter in 2024, with a 1.7% increase in its net loan book compared to the previous quarter and an 11.9% surge compared to the same period in 2023. The bank’s customer deposits also grew by 1.7% over the quarter, backing the lending growth. CEO David McCreadie expressed confidence in the bank’s progress towards a £4 billion net lending goal, citing an improving UK economy and potential interest rate reductions as supportive factors for the year’s targets.
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