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Trading statements

International Personal Finance expects continued growth

20 October 2016 08:14

International Personal Finance reports an increase in credit issued growth in Q3 and expects to see continued growth and stable credit quality in Q4.

The group said it delivered credit issued growth of 9% driven by a return to growth in Mexico, a continued good performance in Southern Europe and a strong performance in IPF Digital.

It said Poland-Lithuania returned to modest growth after contracting in H1 while market conditions in the Czech Republic remain particularly challenging.

IPF said customer numbers increased year-on-year by 1% and its collections performance is good overall with impairment as a percentage of revenue at 26.1% being at the lower end of its target range of 25% to 30%

At 8:14am: (LON:IPF) International Personal Finance PLC share price was +11.55p at 280.95p

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