Provident Financial’s profits rise
LENDER Provident Financial reported a 19.5 per cent rise in adjusted pretax profit for the full year boosted by strong growth in its customer base.
The provider of credit cards to non-standard consumers in the UK and home credit in the UK and Ireland said it made a strong start in the first two months of 2015.
Adjusted pretax profit for the year ended December 31 rose to £234.4m from £196.1m a year earlier.
Provident Financial’s operations consist of Vanquis Bank, its consumer credit division and the recently acquired Moneybarn, a provider of vehicle loans in the UK.