Secure Trust Bank (GB:STB) has released an update.
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Secure Trust Bank’s Commercial Finance division has demonstrated significant growth, with a 65% increase in its loan book over three years and a low cost of risk at 0.49%. The division has built strong relationships, particularly with private equity firms, and contributed £20 billion in funding to over 250 businesses. With a diverse income stream and a robust operational model, Secure Trust Bank is poised for continued growth in the Asset Based Lending market.
For further insights into GB:STB stock, check out TipRanks’ Stock Analysis page.
