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Zuoli Kechuang Micro-Finance approves plan for reorganisation of group

Friday, 8 Sep 2017 10:42am EDT

Sept 8 (Reuters) - Zuoli Kechuang Micro-finance Co Ltd <6866.HK>:Considered and approved to implement a plan for corporate reorganisation of group.Corporate reorganisation will facilitate streamlining and integration of group's micro-finance business.There will not be change in principal business activity of group upon implementation of corporate reorganisation.

Provident Financial CEO quits, dividend shelved after fresh profit warning

Tuesday, 22 Aug 2017 02:11am EDT

Aug 22 (Reuters) - Provident Financial Plc :Disruption to home credit trading.Collections performance and sales are both showing substantial underperformance against comparable period in 2016.Collections performance is currently running at 57 pct versus 90 pct in 2016.Pre-Exceptional loss of home credit business is now likely to be in a range of between 80 mln pounds and 120 million pounds..A thorough and rapid review of home credit's performance is underway to secure turnaround of business.Trading performance of Vanquis Bank, Moneybarn and Satsuma remain in line with internal plans..Board has determined that group must protect capital base and financial flexibility by withdrawing interim dividend declared on 25 July 2017.Indicate that a full-year dividend is unlikely.Peter Crook has decided to step down as chief executive with immediate effect.Manjit Wolstenholme will assume role of executive chairman.

Regional Management Corp Q2 per share $0.52

Tuesday, 1 Aug 2017 04:15pm EDT

Aug 1 (Reuters) - Regional Management Corp :Regional Management Corp announces second quarter 2017 results.Q2 earnings per share $0.52.Q2 revenue $65.3 million versus I/B/E/S view $65 million.Q2 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Regional Management Corp - for full year 2017, company maintains its plan to open between 10 and 15 de novo branches.

International Personal Finance pretax profit rises to 43 mln stg

Wednesday, 26 Jul 2017 02:04am EDT

July 26 (Reuters) - International Personal Finance Plc :H1 pretax profit from continuing operations 43 million pounds ($55.99 million).Interim dividend 4.6 pence per share.Group profit before tax of 43 million pounds, an increase of 10 million pounds, including a positive FX benefit of 6.7 million pounds.Credit issued growth of 10 percent.Consistent credit quality management - group impairment to revenue ratio in target range at 26.4 percent.CEO - "Our ongoing European home credit businesses performed in line with expectations, Mexico continued to deliver positive business momentum and IPF digital reported excellent top-line growth together with improved profitability in its established markets".Increase in underlying profit of 12 million pounds, largest share of which came from stronger-than-expected outcome from wind down of our businesses in slovakia and lithuania together with a solid contribution from ipf digital's established markets.

Orix to transfer mortgage bank business to ORIX Credit

Monday, 24 Jul 2017 04:43am EDT

July 24 (Reuters) - Orix Corp <8591.T>:* Says it will transfer mortgage bank business to ORIX Credit Corporation, effective Nov. 1.

Sun Hung Kai & Co sees HY consol profit attributable up by more than 150 pct

Friday, 21 Jul 2017 05:53am EDT

July 21 (Reuters) - Sun Hung Kai & Co Ltd <0086.HK>::Unaudited consolidated profit attributable to owners of company for first half of 2017 will show a very substantial increase.Anticipated that attributable profit for period ended 30 June 2017 will increase by over 150%.Expected result due to an increase in profit contribution from consumer finance business.

American Express reports preliminary credit card statistics for June

Monday, 17 Jul 2017 12:39pm EDT

July 17 (Reuters) - American Express Co ::Preliminary USCS card member loans 30 days past due loans as a % of total 1.1 percent at June end versus 1.1 percent at May end.Preliminary U.S. Small business card member loans 30 days past due loans as % of total 1.1 percent at June end versus 1.1 percent at May end.Preliminary USCS card member loans net write-off rate – principal only 1.7 percent at June end versus 1.8 percent at May end.Preliminary U.S. Small business card member loans net write-off rate – principal only 1.6 percent at June end versus 1.5 percent at May end.

Banca Ifis board approves incorporation of IFIS Factoring and Interbanca

Monday, 10 Jul 2017 06:13am EDT

July 10 (Reuters) - BANCA IFIS SPA ::BOARD APPROVES INCORPORATION INTO BANCA IFIS OF IFIS FACTORING S.R.L. AND INTERBANCA S.P.A..

Europlan's EGM decides to spin off Leasing Company Europlan

Friday, 23 Jun 2017 09:38am EDT

June 23 (Reuters) - Europlan ::SAYS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS DECIDES TO SPIN OFF LEASING COMPANY EUROPLAN.

Mcmillan Shakespeare updates on announcement regarding potential class action

Monday, 19 Jun 2017 01:46am EDT

June 19 (Reuters) - Mcmillan Shakespeare Ltd :refer to announcement issued by McMillan shakespeare regarding a potential class action being prepared by a sydney law firm..‍it is asserted that potential claims against davantage under class action may amount to $80 million​.nature of potential claim may be based on allegations in relation to a warranty product business operated by davantage pty.Mcmillan Shakespeare says ‍potential claim is alleged to relate to period from 2011 to 2015​.

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