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Secure Trust Bank PLC (STBS.L)

STBS.L on London Stock Exchange

1,795.00GBp
8 Dec 2017
Change (% chg)

-8.00 (-0.44%)
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1,803.00
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1,795.00
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Latest Key Developments (Source: Significant Developments)

Secure Trust Bank Appoints Deloitte To Replace KPMG As Auditor
Thursday, 30 Nov 2017 04:49am EST 

Nov 30 (Reuters) - Secure Trust Bank PLC:SECURE TRUST BANK PLC - ANNOUNCES THAT BOARD OF STB INTENDS TO APPOINT DELOITTE LLP AS ITS AUDITOR.SECURE TRUST BANK PLC - APPOINTMENT WILL BE EFFECTIVE FOR 31 DECEMBER 2018 YEAR-END.SECURE TRUST BANK PLC - KPMG HAS BEEN STB'S AUDITOR SINCE 2009.SECURE TRUST BANK PLC - KPMG WILL CONTINUE IN ROLE UNTIL AUDIT OF GROUP'S CONSOLIDATED ACCOUNTS FOR YEAR ENDING 31 DECEMBER 2017 HAS BEEN COMPLETED.  Full Article

Secure Trust Bank says loan book continues growth in Q3
Wednesday, 18 Oct 2017 02:00am EDT 

Oct 18 (Reuters) - Secure Trust Bank Plc ::‍PROVIDES A TRADING UPDATE IN RELATION TO Q3​.‍GROUP'S LOAN BOOK HAS CONTINUED TO GROW AND BUSINESS HAS TRADED IN LINE WITH MANAGEMENT EXPECTATIONS DURING Q3​.SECURE TRUST - BELIEVES ‍A MOVE AWAY FROM HIGHER RISK, CONSUMER UNSECURED AND SUB-PRIME MOTOR PRODUCTS REMAINS CORRECT COURSE OF ACTION.SECURE TRUST - ‍BUSINESS FINANCE OPERATIONS MADE PROGRESS IN Q3 WITH EXPOSURE TO LARGE PRIME CENTRAL LONDON HOUSE BUILDING CONTINUING TO REDUCE​.‍GROUP'S CONSUMER FINANCE OPERATIONS ALSO PERFORMED AS EXPECTED​.‍CONTINUES TO SHIFT EMPHASIS OF ITS MOTOR BUSINESS TO LOWER RISK, LOWER MARGIN LENDING​.‍GROUP HAS ALSO MADE CONSIDERABLE PROGRESS DURING PERIOD WITH ITS PREPARATIONS FOR IMPLEMENTATION OF IFRS9​.  Full Article

Secure Trust Bank says H1 statutory pretax profit up 11 pct to 13.9 mln pounds
Tuesday, 22 Aug 2017 02:00am EDT 

Aug 22 (Reuters) - SECURE TRUST BANK PLC ::H1 STATUTORY PRETAX PROFIT 13.9 MILLION POUNDS VERSUS 12.5 MILLION POUNDS IN H1 2016.COMMON EQUITY TIER 1 RATIO OF 15.3% (2016: 20.1%).INTERIM DIVIDEND OF 18 PENCE PER SHARE, COMPARED TO 17 PENCE PER SHARE IN H1 2016.TOTAL ASSETS £1.67BN (2016: £1.35BN) UP 24%.WE HAVE CONSIDERABLY REDUCED OUR ACTIVITIES IN HIGHER RISK CONSUMER LENDING AND DID SO BEFORE RECENT WARNINGS FROM BANK OF ENGLAND AND REGULATORY BODIES.HAVE REALLOCATED CAPITAL TO LOWER RISK LENDING SEGMENTS.H1 CUSTOMER DEPOSITS INCREASED TO £1,325.8M (2016: £1,042.6M) UP 27%.H1 OVERALL LOAN BOOK INCREASED TO £1,509.6M (2016: £1,128.3M - CONTINUING OPERATIONS) UP 34%.TOTAL CUSTOMER NUMBERS INCREASED BY 39% TO 849,365.H1 REAL ESTATE FINANCE LENDING BALANCES UP 50% YEAR-ON-YEAR TO £541.4M.  Full Article

Secure Trust Bank posts FY pre-tax profit of 25.0 mln pounds
Thursday, 23 Mar 2017 03:13am EDT 

Secure Trust Bank Plc : FY profit before tax of 25.0 million pounds versus 24.8 million pounds year ago . FY net interest income from continuing operations 103.7 million pounds versus 78.9 million pounds year ago . Says FY customer deposits increased to £1,151.8 million up 11% . Says FY overall loan book increased to 1,321.0 million pounds up 38 percent . Proposed final dividend of 58p per share payable in May 2017 . Says there has been no material change to underlying performance of business in early months of 2017 .Says continue to see potential to grow its lending portfolio.  Full Article

Secure Trust H1 underlying pretax profit rises
Tuesday, 19 Jul 2016 02:00am EDT 

Secure Trust Bank Plc : Interim results for the six months to 30 June 2016 . Total profit after tax £129.1m (H1 2015 : £12.9m) . Underlying profit before tax. £17.4m (H1 2015 : £11.3m) up 54.0% . Operating income. £57.3m (H1 2015: £42.8m) up 33.9% .Interim dividend per share of 17p in addition to special interim dividend of 165p per share already declared, (H1 2015: 17p).  Full Article

Retail bank Secure Trust says has "virtually no exposure" to commercial property market
Wednesday, 6 Jul 2016 02:00am EDT 

Secure Trust Bank Plc : Does not provide regulated mortgages to either owner occupiers or buy to let landlords . Confirms that it has virtually no exposure to commercial property market . Total lending balances outstanding amounting to a mere 31m stg as at 24 June 2016 . STB therefore has zero lending balances in respect of regulated buy to let lending .Remains well positioned to navigate uncertainties arising following EU referendum and to pursue its strategic priorities.  Full Article

Arbuthnot Banking to sell 33 pct Secure Trust's share capital
Friday, 27 May 2016 11:30am EDT 

Arbuthnot Banking Group Plc : Conditional sale of 6 million shares of Secure Trust, representing 33.0 per cent. of Secure Trust's existing issued share capital .Sale was priced at £25 per sale share.  Full Article

Arbuthnot says to sell about 5.8 mln shares in Secure Trust
Friday, 27 May 2016 02:32am EDT 

Arbuthnot Banking Group Plc : Intention to sell approximately 5.8 million ordinary shares of 40 pence each in secure trust . Representing approximately 31.9 per cent. Of secure trust's existing issued share capital, by way of a secondary placing to institutional investors only. Sale is expected to be priced at £25 .Assuming completion of sale, company's interest in secure trust will reduce from 51.9 per cent To approximately 20.0 per cent.  Full Article

BRIEF-Secure Trust Bank Appoints Deloitte To Replace KPMG As Auditor

* SECURE TRUST BANK PLC - ANNOUNCES THAT BOARD OF STB INTENDS TO APPOINT DELOITTE LLP AS ITS AUDITOR