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Consumer Lending

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Heartland Bank takes shareholding in online lender Fuelled

Sunday, 19 Feb 2017 04:36pm EST

Heartland Bank Ltd : Heartland takes shareholding in online lender fuelled . Advises that it has taken a 25% shareholding in fuelled limited, an online small-to-medium business (sme) lende . Has taken a 25% shareholding in fuelled limited .Shareholding has been provided alongside a committed debt facility enabling fuelled to accelerate its australasian growth plans.

Regional Management Corp reports Q4 non-GAAP earnings per share $0.56

Tuesday, 7 Feb 2017 04:15pm EST

Regional Management Corp : Regional Management Corp. announces fourth quarter 2016 results . Q4 non-GAAP earnings per share $0.56 . Q4 GAAP earnings per share $0.55 . Q4 revenue $64 million versus i/b/e/s view $63.8 million . Q4 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Regional Management Corp - provision for credit losses in q4 of 2016 was $19.4 million versus $11.4 million in prior-year period .Regional Management Corp - plans to open between 10 and 15 de novo branches during 2017.

JACCS to raise stake in vehicle financial firm to 60 pct from 40 pct

Friday, 3 Feb 2017 02:33am EST

JACCS Co Ltd <8584.T> : Says it plans to buy 20 percent stake in an Indonesia firm PT Mitra Pinasthika Mustika Finance (MPMF) which is engaged in vehicle sale finance and finance lease business . Co will own 60 percent stake in MPMF after transaction, up from 40 percent stake currently .Says further details remain to be determined.

EZCORP Q1 EARNINGS PER SHARE $0.15 FROM CONTINUING OPERATIONS

Thursday, 2 Feb 2017 03:29pm EST

Ezcorp Inc : Q1 EARNINGS PER SHARE $0.15 FROM CONTINUING OPERATIONS . QTRLY TOTAL REVENUE UP $5.1 MILLION TO $192.6 MILLION . EZCORP INC - REMAIN ON TRACK TO REDUCE CORPORATE EXPENSE TO $50 MILLION IN FY18 FROM $68 MILLION IN FY16 . EZCORP INC-"PLAN TO OPEN ABOUT TEN NEW STORES IN MEXICO IN FY17" . Q1 REVENUE VIEW $201.7 MILLION -- THOMSON REUTERS I/B/E/S . QTRLY DILUTED EARNINGS PER SHARE $ 0.15 .Q1 EARNINGS PER SHARE VIEW $0.17 -- THOMSON REUTERS I/B/E/S.

Paragon Group says Q1 profit at 33.1 mln pounds

Friday, 27 Jan 2017 02:00am EST

Paragon Group Of Companies Plc : Trading update . Underlying operating profits for quarter of £33.1 million were in line with management's expectations . Carry cost of group's subordinated bonds will dampen reported profits in early part of year prior to repayment of £110 million bond maturing in April 2017 . With total originations and investments of £380.7 million compared to £254.4 million in previous quarter . Throughout final months of 2016 buy-to-let market saw lenders tightening criteria ahead of pra underwriting changes which took full effect on 1 January 2017 . Paragon had implemented majority of these changes a year ago, in January 2016 . Group's pipeline continued to grow from its low point in summer . Too early to determine full extent of PRA changes on market, and further changes due later in year . Strong pipeline positions group to achieve its anticipated new business volumes for year . Idem capital had a strong trading period, with £95.4 million of gross investments . Following temporary withdrawal of vendors from market around eu referendum. IDEM Capital continues to see a healthy pipeline of opportunities .Continues to see progress in each of its operating divisions and remains confident in achieving its expectations for year..

Europlan to consider spin-off of leasing business

Thursday, 19 Jan 2017 11:08am EST

Europlan : Says board of directors will propose to the extraordinary general shareholders' meeting to spin off Leasing Company Europlan .The board meeting will be held on Jan. 20.

Conafi Prestito approves project of merger of its wholly owned unit

Thursday, 6 Oct 2016 10:14am EDT

Conafi Prestito SpA :Approves project of merger via incorporation of wholly owned unit Alba Finanziaria Srl.

Lendingclub says exploring adding additional sources, structures of capital to increase resiliency, diversity

Monday, 8 Aug 2016 08:02pm EDT

Lendingclub : Roughly 51 percent of second quarter volume was originated prior to may 9 . Lendingclub says took $2.8 million in severance related costs in the second quarter . Lendingclub says plan to reduce/eliminate investor incentives by end of q3; sees higher level of investor acquisition cost in q4 . When co recently made job eliminations, made very little of those in technology engineering area . Slower origination growth during quarter was due to a slowdown in investor capital that occurred post may 9 . Lendingclub says over the long run, anticipate some higher level of investor acquisition cost as co continues to diversify investor mix . Lendingclub says expect origination volumes to be roughly flat for the next two quarters . Going forward, exploring adding additional sources, structures of capital to increase resiliency,diversity that would include committed capital . On unusual costs,co says had employee related severance cost; says those were "definitely" one-time costs, is "not anticipating repeating that" (Bangalore.newsroom@thomsonreuters.com) ((Bangalore.newsroom@thomsonreuters.com;)).

Lendingclub says exploring adding additional sources, structures of capital to increase resiliency, diversity

Monday, 8 Aug 2016 05:17pm EDT

Lendingclub : Roughly 51 percent of second quarter volume was originated prior to may 9 . Lendingclub says took $2.8 million in severance related costs in the second quarter . Lendingclub says plan to reduce/eliminate investor incentives by end of q3; sees higher level of investor acquisition cost in q4 . When co recently made job eliminations, made very little of those in technology engineering area . Slower origination growth during quarter was due to a slowdown in investor capital that occurred post may 9 . Lendingclub says over the long run, anticipate some higher level of investor acquisition cost as co continues to diversify investor mix . Lendingclub says expect origination volumes to be roughly flat for the next two quarters . Going forward, exploring adding additional sources, structures of capital to increase resiliency,diversity that would include committed capital . On unusual costs,co says had employee related severance cost; says those were "definitely" one-time costs, is "not anticipating repeating that" (Bangalore.newsroom@thomsonreuters.com) ((Bangalore.newsroom@thomsonreuters.com;)).

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