IPF sees steady growth

The Leeds-based group, which is the former international division of Yorkshire-based Provident Financial, said it continues to make good progress and its performance in the second quarter is benefiting from the reversal of impairment charges taken during the weather-affected first quarter of the year

As a result trading in April, May, and for the year to date, has been ahead of plan.

In a trading statement, the company said: "We have seen no adverse impact as a result of the economic uncertainty that has followed from the Greek sovereign debt crisis and we are pleased with the continuing good progress in our Hungarian business.

"However, our credit controls remain cautiously set, particularly in Romania, where the impact of the government's reduction in public sector pay and pensions has yet to be felt."