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International Personal Finance PLC (IPF.L)

IPF.L on London Stock Exchange

204.00GBp
22 Jun 2018
Change (% chg)

-1.40 (-0.68%)
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205.40
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Volume
279,819
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259.97
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157.25

Latest Key Developments (Source: Significant Developments)

Lender IPF says evaluting changes to Polish business
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - International Personal Finance Plc ::‍NO LEGISLATIVE DEVELOPMENT ON POLISH TOTAL COST OF CREDIT PROPOSALS.INTERNATIONAL PERSONAL FINANCE PLC - ‍GROUP Q3 CREDIT ISSUED GROWTH OF 5%​.INTERNATIONAL PERSONAL FINANCE PLC - ‍Q3 GROUP ANNUALISED IMPAIRMENT AS A PERCENTAGE OF REVENUE IN TARGET RANGE AT 26.2%​.INTERNATIONAL PERSONAL FINANCE PLC - ‍£163M OF HEADROOM ON DEBT FACILITIES AT 30 SEPTEMBER 2017​.IPF- ‍IN NORTHERN EUROPE, CREDIT ISSUED CONTRACTED BY 2% DRIVEN BY CONTINUED SHRINKAGE IN CZECH REPUBLIC WHERE COMPETITION REMAINS INTENSE​.INTERNATIONAL PERSONAL FINANCE PLC - ‍Q3 CREDIT ISSUED IN HOME CREDIT WAS FLAT COMPARED TO Q3 2016​.IPF- ‍SEPTEMBER'S PERFORMANCE IN MEXICO WAS ADVERSELY IMPACTED BY EARTHQUAKES WHICH CAUSED WIDESPREAD DISRUPTION FOR MANY OF OUR FIELD-BASED OPERATIONS​.IPF- ‍RECENT REGULATORY CHANGES MEAN THAT OUR BUSINESS IN ROMANIA WILL, IN FUTURE, BE REGULATED DIRECTLY BY NATIONAL BANK​.IPF- ‍PRICE CAP IN ROMANIA IS LIKELY TO LEAD TO A FURTHER TIGHTENING OF CREDIT CRITERIA AND A SIGNIFICANT REDUCTION IN VOLUME OF LOANS PROVIDED.‍GROWTH GUIDANCE FOR YEAR REMAINS UNCHANGED FOR EUROPEAN HOME CREDIT AND IPF DIGITAL​.IPF- ‍IN MEXICO, WE EXPECT TO SEE SLIGHTLY SLOWER RATES OF CREDIT ISSUED GROWTH AS A RESULT OF DISRUPTION CAUSED BY EARTHQUAKES​.IPF- ‍FOR GROUP AS A WHOLE, OUR IMPAIRMENT EXPECTATIONS FOR 2017 REMAIN UNCHANGED NOTWITHSTANDING NEGATIVE IMPACT OF EARTHQUAKES IN MEXICO​.  Full Article

International Personal Finance H1 underlying profit before tax falls
Thursday, 28 Jul 2016 

International Personal Finance Plc : Group impairment as a percentage of revenue in target range at 25.9 pct . Strong growth momentum delivered by Southern Europe . New product offering introduced in Poland to comply with new regulations - no change in guidance on expected financial impact . Good progress in slovakia - collections progressing ahead of expectations . During first half of year, group profit before tax and exceptional items was 12.6 m stg lower than 2015 at 30.7 mln stg . Competition in our european markets remains intense and there has been little change in Polish market dynamics following introduction of new total cost of credit legislation in March 2016 . Our home credit business delivered profit before tax of 42.7 mln stg in first half of 2016 which comprised 45.2 mln stg from our on-going businesses and a loss of £2.5m in slovakia . Interim dividend 4.6 penceper share . Half-Year financial report for six months ended 30 june 2016 . Underlying profit before tax declined 22% (£9.7m) before £1.8m positive fx impact and additional investment of £4.7m in ipf digital . Delivered increase in credit issued of 6% † and customer growth of 1% . Cost optimisation programme delivers £12m annualised savings . Disappointing first half in mexico - actions taken to improve short-term performance and capture long-term potential . Interim dividend maintained at 4.6 pence per share.  Full Article