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PCF Bank sees profits hit £5.2m in 2018

Dec 05, 2018 - Marketline Newswire

AIM-listed PCF Bank saw portfolio growth of 50% to £219m in 2018 from £146m in 2017, giving it £5.2m before-tax profit this year, a 44% increase year-on-year.

There was also a 75% increase in new business originations to £148.4m, compared to £84.6m in 2017. The results put PCF Bank ahead of schedule to meet its targets of a £350m portfolio by 2020 and £750m by 2022.Profit before tax at PCF was up 44% year-on-year to £5.2m. Retail deposits total £...