PCF Group plc (AIM: PCF) is the AIM-quoted parent of the specialist bank, PCF Bank Limited. With the advent of the banking operation the Group now has the capability to increase its lending portfolio significantly, with target portfolio sizes of £350m in 2020 and £750m in 2022. The Group will retain its focus on portfolio quality, and has the capability to lend increasingly to prime segments of the finance market.
PCF Bank will offer retail savings products for individuals and will then deploy those funds through its two lending divisions:
The Group has a track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technologically advanced platform, the Bank will provide both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.
Tim Franklin (NE Chairman)
Thirty years in financial services.
Scott Maybury (Chief Exec)
Co-founded PCF Group plc and was previously Finance Director until 2008.
David Bull (FD)
Ex KPMG, Deutsche Bank and was interim Chief Financial Accountant at the Bank of England.
Robert Murray (MD)
Co-founded PCF Group plc .Thirty five years banking and finance experience. Heads the Business and Consumer Finance Divisions.
NED’s:
Christine Higgins, David Morgan, David Titmuss, Mark Brown
PCF Group (LON:PCF) announced full year results earlier this week. Below is a video with CEO Scott Maybury providing an …
PCF Group plc, the AIM-listed specialist bank, today announces its preliminary results for the year ended 30 September 2017. The …
PCF Group plc, the AIM-listed specialist bank, issues a trading update for the year ended 30 September 2017 ahead of …
The Board is pleased to report that on 18 July 2017 the Bank received notification from its dual regulators, the …
| Profit & Loss | 30 Sep 2018 £~000 | 30 Sep 2017 £~000 |
|---|---|---|
| Net interest income | 15,002 | 11,064 |
| Net fee & commission expense | (352) | (190) |
| Net operating income | 13,735 | 10,191 |
| Profit after tax | 4,192 | 2,786 |
| Dividend per share | 0.30p | 0.19p |
| Balance Sheet | 2018 £~000 | 2017 £~000 |
|---|---|---|
| Cash & balances at central bank | 21,338 | 17,018 |
| Total assets | 284,471 | 172,468 |
| (Total liabilities) | (243,919) | (133,807) |
| Total equity | 42,552 | 38,661 |
Directors
Other
Investors Chronicle (Dec 2018)
“Challenger bank PCF reports record results and a bullish outlook.”
Shares (Oct 2018)
“PCF surges on record increase in lending”
Panmure Gordon (House Broker – Dec 2018)
“Portfolio growth to be achieved a year ahead of target – given the strong portfolio growth and the recent acquisition of Azule, management expect to achieve their portfolio target of £350m a year a year ahead of scheule in FY2019.”
Stockdale (Oct 2018)
“In its first full year as a bank PCF has delivered record levels of new business originations up 75% YoY to £148m (2017: £85m) with August and September both record months. The lending portfolio increased 50% to to £219m (2017: £146m) and retail deposits increased 225% to £190m (2017: £53m).”
