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Consumer Lending

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American Express card member loans stats for April

Monday, 15 May 2017 12:11pm EDT

May 15 (Reuters) - American Express Co :USCS card member loans 30 days past due loans as a % of total 1.1 percent at April-end versus 1.2 percent at March-end - SEC filing.U.S. Small Business card member loans net write-off rate – principal only 1.5 percent at April end versus 1.8 percent at March end - SEC filing.U.S. Small Business card member loans 30 days past due loans as a % of total 1.2 percent at April 30 versus 1.2 percent at March 31.USCS card member loans net write-off rate – principal only 1.8 percent at April end versus 1.8 percent at March end.

Provident Financial says Q1 trading in line with market consensus

Friday, 12 May 2017 02:56am EDT

May 12 (Reuters) - Provident Financial Plc :Group's trading performance during Q1 of 2017 has been consistent with market consensus.Vanquis Bank and Moneybarn have made a good start to year.Vanquis Bank Q1 new account bookings of 122,000 were up 45 pct versus relatively weak Q1 of 2016.A one-off exceptional charge of approximately 20 million pounds ($25.77 million) will be taken in first half of 2017 in respect of redundancy, retention and training costs at home credit business.

Onesavings Bank reports strong Q1 performance

Wednesday, 3 May 2017 02:19am EDT

May 3 (Reuters) - Onesavings Bank Plc :OneSavings Bank plc, the specialist lending and retail savings group, today issues its trading update for the period from the 1(st) January 2017 to date. .Strong financial and operational performance has continued in Q1..Loan book growth of 5% in Q1 with net loans & advances growing by £283m to £6,222m.Organic origination of £599m in the first three months of 2017 with margins remaining very strong.Group has drawn a total of £451m under term funding scheme (tfs) and drawings under funding for lending scheme (fls) have been reduced to £525m.Business growth continues to be supported by a strong capital position.

IPF says first-quarter group customer numbers down 2 pct

Wednesday, 3 May 2017 02:00am EDT

May 3 (Reuters) - International Personal Finance Plc ::Q1 group customer numbers decreased by 2 pct.Group Q1 growth in credit issued of 5 pct.Q1 IPF digital credit issued grew by 61 pct.Q1 IPF digital customer numbers grew by 47 pct.Q1 IPF digital customer numbers grew by 47 pct.Credit quality and collections in home credit business overall good; annualised impairment as percentage of revenue at 26.4 pct.Q1 Mexico home credit customer numbers grew by 4 pct.Q1 europe home credit customer numbers contracted by 9 pct.Credit issued in Q1 reduced by 5 pct reflecting growth in Hungary and Bulgaria but offset by a contraction in Romania.Q1 Mexico home credit issued grew by 20 pct.Q1 Europe home credit issued decreased by 7 pct.Implemented new processes to ensure compliance with new regulations in Romania; working to improve performance in this market.IPF Digital Q1 performance driven by our new digital markets of Poland, Australia, Spain And Mexico; credit issued growth was 254 pct.There have been no material changes to regulatory framework since our 2016 full-year results announcement.

Equitable Group reports Q1 earnings per share C$2.54

Monday, 1 May 2017 07:16am EDT

May 1 (Reuters) - Equitable Group Inc : :Equitable group reports record first quarter 2017 results and continued solid credit performance.Q1 earnings per share C$2.54.Equitable group inc qtrly originations were $1.6 billion, 4pct higher than a year ago.Equitable Group Inc - quarterly dividend of $0.23 per common share, a 10pct increase over dividends declared in May 2016.Equitable Group Inc - bank expects arrears rates and credit loss provisions to remain low throughout remaining quarters of 2017.Equitable Group Inc - at quarter-end, mortgages under management were $21.7 billion, compared to $17.7 billion a year ago, a 23pct increase.Equitable Group Inc - anticipate that co's mortgage application volumes will increase over coming weeks.Equitable Group Inc - will not execute transactions to derecognize additional mortgages this year.Equitable Group - to not execute transactions to derecognize additional mortgages, in light of reduced expectations for growth of insured prime business.Q1 earnings per share view C$2.23 -- Thomson Reuters I/B/E/S.Equitable Group Inc - qtrly net interest income after provision for credit losses $77.6 million versus $63.4 million.Equitable Group says actively monitoring house price and mortgage activity to ensure credit risk profile of business stays within risk appetite.

Sixt Leasing raises forecast for online business in 2017

Monday, 24 Apr 2017 02:30am EDT

April 24 (Reuters) - Sixt Leasing Se :Raises forecast for online business in 2017 significantly after most successful year in the company's history.Outlook confirmed: managing board expects dynamic growth to continue in fiscal year 2017.Higher contract portfolio expected: forecast for online retail contract portfolio upgraded to significantly more than 40,000 contracts by end of 2017.Is also increasing its outlook for online retail business field's contract portfolio, up from 36,000 to significantly more than 40,000 contracts by end of 2017.Is extending target distribution range from 30-40 per cent to 30-60 per cent of consolidated net profit beginning from fiscal year 2017.

Synovus reports Q1 earnings per share $0.56

Monday, 17 Apr 2017 04:30pm EDT

April 17 (Reuters) - Synovus Financial Corp -:Synovus announces earnings for the first quarter 2017.Q1 adjusted earnings per share $0.57.Q1 earnings per share $0.56.Q1 revenue rose 8.1 percent to $304.1 million.Q1 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.Synovus Financial Corp - common equity tier 1 ratio was 9.86% at march 31, 2017 compared to 9.96% at december 31, 2016.Synovus Financial Corp - tier 1 capital ratio was 10.18% at march 31, 2017 compared to 10.07% at december 31, 2016.Synovus Financial Corp - tangible common equity ratio was 9.04% at march 31, 2017 compared to 9.09% at december 31, 2016.Synovus Financial-following closing of world's foremost bank trasaction,co to sell credit card assets,related liabilities to Capital One financial corp.Synovus Financial Corp - pursuant to terms of agreement, co will receive $75 million in consideration from cabela's and Capital One - sec filing.

Fairpoint Group sees 2016 performance broadly in line with revised expectations

Tuesday, 28 Mar 2017 02:00am EDT

Fairpoint Group Plc : Says 2016 performance broadly in line with revised expectations . Says 2016 revenue expected to be 52.9 mln pounds versus 54.1 mln pounds in 2015 . Says 2016 adjusted PBT expected to be 4.9 mln pounds versus 10.5 mln pounds in 2015 .Says 2017 will be year of transition as group completes its restructuring programme and rebases near term expectations for legal services.

American Express Co reports card member loans stats for February

Wednesday, 15 Mar 2017 12:25pm EDT

American Express Co : U.S. Small Business Card Member Loans 30 days past due loans as a % of total 1.3 percent at Feb end versus 1.2 percent at Jan end . U.S. Small Business Card Member Loans net write-off rate – principal only 1.5 percent at Feb end versus 1.4 percent at Jan end -SEC filing . USCS Card Member Loans net write-off rate – principal only 1.8 percent at Feb end versus 1.5 percent at Jan end .USCS Card Member Loans 30 days past due loans as a % of total 1.2 percent at Feb end versus 1.2 percent at Jan end.

Sixt Leasing FY net profit up 9.3 pct at 24.6 mln euros

Tuesday, 14 Mar 2017 02:30am EDT

Sixt Leasing Se : After a record year in 2016, Sixt Leasing is increasing dividend and expects further growth in revenue and earnings - forecast for the online business is raised significantly . Dividend increase by 20 per cent to 0.48 euros ($0.5111) per share . Growth outlook for 2017 in online business field nearly doubled . Sees increase of consolidated EBT 2017 in high single-digit per centage range . Growth outlook for 2017 in online business field nearly doubled through increase of 8,600 to a total of 36,000 contracts . FY consolidated revenue increased in comparison to prior year by 7.3 per cent to an all-time high of 713.9 million euros . FY group's operating revenue (not including vehicle sales proceeds) remained stable as expected at 430.0 million euros . FY consolidated net profit rose by 9.3 per cent to 24.6 million euros . For 2017 we expect further growth in revenue and earnings .For 2017, expects to see an increase in EBT in high single-digit percentage range as well as slight growth in operating revenue.

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