May 3, 2019 / 6:22 AM / 2 months ago

Provident paints healthy picture as NSF circles

May 3 (Reuters) - Sub-prime lender Provident Financial reported higher customer numbers and volumes for its major units for the first three months of 2019, bolstering its defence against a hostile bid from rival Non-Standard Finance (NSF).

Provident, which is trying to recover from a botched restructuring of its home credit business, said on Friday new and returning UK home credit customer growth was 27 percent higher than the first quarter of last year.

Reporting by Noor Zainab Hussain in Bengaluru Editing by Saumyadeb Chakrabarty

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