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Consumer Lending

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Ferratum Launches Strategic Partnership With Thomas Cook Money

Wednesday, 13 Dec 2017 01:30am EST

Dec 13 (Reuters) - FERRATUM OYJ ::DGAP-NEWS: FERRATUM OYJ: FERRATUM GROUP LAUNCHES STRATEGIC PARTNERSHIP WITH THOMAS COOK MONEY.

Mitsui Chemicals unit offers takeover bid for shares of ARRK

Wednesday, 29 Nov 2017 02:23am EST

Nov 29(Reuters) - Mitsui Chemicals Inc <4183.T>:Says its wholly owned unit (acquirer) offered a takeover bid for 301.3 million shares (or no less than 230.2 million shares) of ARRK Corp <<<7873.T>>>.Takeover bid total amount at 40.34 billion yen .Offering period from Nov. 30 to Jan. 17, 2018 and settlement starts on Jan. 24, 2018.Says Orix Corp <<<8591.T>>> will sell indirect 63.5 percent stake in ARRK to acquirer for 23.02 billion yen, through the takeover bid and will indirectly hold 11.1 percent stake in ARRK down from 74.7 percent after the takeover bid .

Zuoli Kechuang Micro-Finance updates on proposed corporate reorganisation

Tuesday, 14 Nov 2017 09:52am EST

Nov 14 (Reuters) - Zuoli Kechuang Micro-finance Co Ltd <6866.HK>::Co and Jinhui Micro-Finance entered into assets restructuring agreement and capital injection agreement​.

Orix transfers mortgage bank business to ORIX Credit

Wednesday, 1 Nov 2017 03:38am EDT

Nov 1 (Reuters) - Orix Corp <8591.T>:Says it transfers mortgage bank business to unit ORIX Credit on Nov. 1.Previous news was disclosed on July 24.

Lender IPF says evaluting changes to Polish business

Tuesday, 24 Oct 2017 02:00am EDT

Oct 24 (Reuters) - International Personal Finance Plc ::‍NO LEGISLATIVE DEVELOPMENT ON POLISH TOTAL COST OF CREDIT PROPOSALS.INTERNATIONAL PERSONAL FINANCE PLC - ‍GROUP Q3 CREDIT ISSUED GROWTH OF 5%​.INTERNATIONAL PERSONAL FINANCE PLC - ‍Q3 GROUP ANNUALISED IMPAIRMENT AS A PERCENTAGE OF REVENUE IN TARGET RANGE AT 26.2%​.INTERNATIONAL PERSONAL FINANCE PLC - ‍£163M OF HEADROOM ON DEBT FACILITIES AT 30 SEPTEMBER 2017​.IPF- ‍IN NORTHERN EUROPE, CREDIT ISSUED CONTRACTED BY 2% DRIVEN BY CONTINUED SHRINKAGE IN CZECH REPUBLIC WHERE COMPETITION REMAINS INTENSE​.INTERNATIONAL PERSONAL FINANCE PLC - ‍Q3 CREDIT ISSUED IN HOME CREDIT WAS FLAT COMPARED TO Q3 2016​.IPF- ‍SEPTEMBER'S PERFORMANCE IN MEXICO WAS ADVERSELY IMPACTED BY EARTHQUAKES WHICH CAUSED WIDESPREAD DISRUPTION FOR MANY OF OUR FIELD-BASED OPERATIONS​.IPF- ‍RECENT REGULATORY CHANGES MEAN THAT OUR BUSINESS IN ROMANIA WILL, IN FUTURE, BE REGULATED DIRECTLY BY NATIONAL BANK​.IPF- ‍PRICE CAP IN ROMANIA IS LIKELY TO LEAD TO A FURTHER TIGHTENING OF CREDIT CRITERIA AND A SIGNIFICANT REDUCTION IN VOLUME OF LOANS PROVIDED.‍GROWTH GUIDANCE FOR YEAR REMAINS UNCHANGED FOR EUROPEAN HOME CREDIT AND IPF DIGITAL​.IPF- ‍IN MEXICO, WE EXPECT TO SEE SLIGHTLY SLOWER RATES OF CREDIT ISSUED GROWTH AS A RESULT OF DISRUPTION CAUSED BY EARTHQUAKES​.IPF- ‍FOR GROUP AS A WHOLE, OUR IMPAIRMENT EXPECTATIONS FOR 2017 REMAIN UNCHANGED NOTWITHSTANDING NEGATIVE IMPACT OF EARTHQUAKES IN MEXICO​.

Hypoport sees Q3 ‍EBIT at more than EUR 5 mln

Friday, 20 Oct 2017 10:15am EDT

Oct 20 (Reuters) - HYPOPORT AG ::DGAP-ADHOC: HYPOPORT AG: DUE TO WEAK DEVELOPMENTS IN THE INSTITUTIONAL CLIENTS BUSINESS UNIT, HYPOPORT AG EXPECTS EBIT FOR THE GROUP TO BE LOWER IN THE THIRD QUARTER OF 2017 THAN IN THE SAME QUARTER IN 2016.‍REVENUE IS PREDICTED TO BE MORE THAN EUR48 MILLION FOR Q3 OF 2017 (Q3 2016: EUR39.8 MILLION)​.SEES Q3 ‍EBIT TO BE MORE THAN EUR5 MILLION (Q3 2016: EUR5.9 MILLION)​.

American Express reports preliminary card member loans stats for September

Monday, 16 Oct 2017 12:16pm EDT

Oct 16 (Reuters) - American Express Co ::Preliminary U.S. small business card member loans 30 days past due loans as a % of total 1.1 percent at September end vs 1.1 percent at August end ‍​.Preliminary USCS card member loans net write-off rate – principal only 1.6 percent at September end vs 1.8 percent at August end.Preliminary USCS card member loans 30 days past due loans as a % of total 1.3 percent at September end vs 1.2 percent at August end.Preliminary U.S. small business card member loans net write-off rate - principal only 1.4 percent at September end vs 1.6 percent at August end.

Banca IFIS: deed of merger of Interbanca into Banca IFIS signed

Wednesday, 4 Oct 2017 02:29am EDT

Oct 4(Reuters) - BANCA IFIS SPA ::ANNOUNCED ON TUESDAY THAT IT HAS SIGNED THE DEED OF MERGER BY INCORPORATION OF INTERBANCA SPA INTO BANCA IFIS SPA, EFFECTIVE OCT. 23 .IFIS LEASING SPA WILL BE MERGED INTO BANCA IFIS IN 2018 .MERGER WILL TAKE EFFECT WITHOUT ANY CAPITAL INCREASE .BANCA IFIS SHARES WILL BE ATTRIBUTED TO THE MINORITY SHAREHOLDERS OF INTERBANCA AT A SWAP RATIO OF 1 OF BANCA IFIS'S SHARE FOR EVERY 3.29 OF INTERBANCA SHARES .THE SHARES OF INTERBANCA OWNED BY BANCA IFIS WILL BE CANCELLED .

EZCORP restructures repayment arrangement with AlphaCredit

Tuesday, 3 Oct 2017 04:41pm EDT

Oct 3 (Reuters) - EZCORP Inc :EZCORP restructures repayment arrangement with AlphaCredit.EZCORP Inc - Grupo Finmart issued two promissory notes to EZCORP in an aggregate principal amount of $61 million​.EZCORP- under modified agreement $61 million principal amount, plus accrued interest, will be paid on a monthly basis between now and September 27, 2019.EZCORP Inc- will receive an additional deferred compensation fee of $14 million.

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