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United Kingdom

International Personal Finance PLC (IPF.L)

IPF.L on London Stock Exchange

169.60GBp
24 May 2019
Change (% chg)

6.60 (+4.05%)
Prev Close
163.00
Open
166.80
Day's High
171.40
Day's Low
157.40
Volume
113,882
Avg. Vol
183,688
52-wk High
254.60
52-wk Low
155.00

Latest Key Developments (Source: Significant Developments)

IPF Says No APR Cap In Romania, Sees Lower Annual Credit Issued In Mexico
Thursday, 2 May 2019 

May 2 (Reuters) - International Personal Finance PLC ::INTNL PERSONAL FIN - Q1 2019 TRADING UPDATE.INTERNATIONAL PERSONAL FINANCE PLC - Q1 CREDIT ISSUED GROWTH OF 9% YEAR-ON-YEAR.INTERNATIONAL PERSONAL FINANCE PLC - Q1 MEXICO HOME CREDIT GROWTH OF 3%.INTERNATIONAL PERSONAL FINANCE PLC - IPF DIGITAL GROWTH OF 33% IN Q1.INTERNATIONAL PERSONAL FINANCE PLC - OUTLOOK FOR GROUP IN 2019 REMAINS UNCHANGED.INTERNATIONAL PERSONAL FINANCE PLC - MADE A SOLID START TO 2019 AND TRADED IN-LINE WITH OUR EXPECTATIONS AT GROUP LEVEL IN Q1.IPF- WE TOOK A MORE CAUTIOUS STANCE ON CREDIT SETTINGS REFLECTING SLIGHT SOFTENING OF MACROECONOMIC OUTLOOK IN MEXICO FOR 2019.INTERNATIONAL PERSONAL FINANCE PLC - NOW EXPECT CREDIT ISSUED GROWTH FOR YEAR AS A WHOLE TO BE WEAKER THAN ORIGINALLY ANTICIPATED IN MEXICO.IPF- OUTCOME OF CHALLENGE RESULTED IN LEGISLATION BEING DECLARED UNCONSTITUTIONAL AND THEREFORE NOT IN EFFECT IN ROMANIA.INTERNATIONAL PERSONAL FINANCE PLC - THERE IS CURRENTLY NO APR CAP IN ROMANIA.INTERNATIONAL PERSONAL FINANCE PLC - NO MATERIAL UPDATE FROM POLISH MINISTRY OF JUSTICE ON ITS MODIFIED SET OF PROPOSALS.INTERNATIONAL PERSONAL FINANCE PLC - OUTLOOK FOR GROUP IN 2019 REMAINS UNCHANGED.  Full Article

International Personal Finance Posts FY Pretax Profit From Cont Ops 105.6 Mln Stg
Thursday, 1 Mar 2018 

March 1 (Reuters) - International Personal Finance Plc ::FY PRETAX PROFIT FROM CONTINUING OPERATIONS 105.6 MILLION STG.FINAL DIVIDEND 7.8 PENCEPER SHARE.TOTAL DIVIDEND 12.4 PENCEPER SHARE.FY GROUP REVENUE ‍825.8​ MILLION STG VERSUS 756.8 MILLION STG YEAR AGO.FY PRETAX PROFIT ‍105.6​ MILLION STG VERSUS 96 MILLION STG YEAR AGO.FY GROUP ‍CUSTOMERS 2,290,000 VERSUS 2,521,000 ​.FY ‍CREDIT ISSUED 1301.5 MILLION POUNDS VERSUS 1145 MILLION POUNDS​.CONTINUE TO BE IN DIALOGUE WITH POLISH PARTIERS TO ENCOURAGE A MORE POSITIVE OUTCOME OVER NON-INTEREST PRICING CAP.‍PROPOSAL TO IMPLEMENT AN APR CAP OF 18% FOR LENDING BEING DEBATED IN ROMANIAN PARLIAMENT. WE ARE CONTRIBUTING TO IT.‍BUSINESS IN CZECH REPUBLIC HAS BEEN GRANTED A LICENCE BY CZECH NATIONAL BANK​.WE HAVE ALSO INTRODUCED MORE COMPETITIVE RATES ON OUR HOME CREDIT PRODUCTS IN EUROPE​.‍HAVE DECIDED TO CONSOLIDATE ALL EUROPEAN HOME CREDIT BUSINESSES INTO ONE REPORTING SEGMENT​.IN ‍2018 OUR SEGMENTED REPORTING WILL COMPRISE EUROPEAN HOME CREDIT, MEXICO AND IPF DIGITAL​.‍IN MEXICO, WE EXPECT TO RETURN TO CUSTOMER GROWTH.‍SUPERVISION BY NATIONAL BANK OF ROMANIA LIKELY TO TIGHTEN CREDIT CRITERIA, REDUCTION IN LOAN VOLUME TO ROMANIA CUSTOMERS.  Full Article

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 pretax profit rises to 43 mln stg
Wednesday, 26 Jul 2017 

July 26 (Reuters) - International Personal Finance Plc :H1 pretax profit from continuing operations 43 million pounds ($55.99 million).Interim dividend 4.6 pence per share.Group profit before tax of 43 million pounds, an increase of 10 million pounds, including a positive FX benefit of 6.7 million pounds.Credit issued growth of 10 percent.Consistent credit quality management - group impairment to revenue ratio in target range at 26.4 percent.CEO - "Our ongoing European home credit businesses performed in line with expectations, Mexico continued to deliver positive business momentum and IPF digital reported excellent top-line growth together with improved profitability in its established markets".Increase in underlying profit of 12 million pounds, largest share of which came from stronger-than-expected outcome from wind down of our businesses in slovakia and lithuania together with a solid contribution from ipf digital's established markets.  Full Article

International Personal Finance sells home credit business in Bulgaria
Wednesday, 28 Jun 2017 

June 28 (Reuters) - International Personal Finance Plc ::Sale of home credit business in Bulgaria.Has completed sale of its home credit business in Bulgaria to easy asset management ad, a large home credit operator in that market.Transaction is expected to result in an exceptional charge to profit and loss account of around 5m million stg.Sale allows IPF to focus its resources on its home credit and digital businesses.  Full Article

UPDATE 1-UK Stocks-Factors to watch on May 2

May 2 Britain's FTSE 100 index is seen opening 31 points lower at 7,354 on Thursday, according to financial bookmakers, while FTSE 100 futures were down 0.25 percent ahead of the cash market open.