Vanquis strength helps drive Provident

HOME credit lender Provident Financial today announced a strong rise in half year pre-tax profits fuelled by the success of its Vanquis Bank operation.

The Bradford-based business now offers credit cards to lower income consumers in addition to its home credit operation in the UK and saw pre-tax profits before exceptional recstructuring costs increase by 23% to £94.1m from £76.5m in the six months to June 30.

Vanquis Bank saw its pre-tax profits increase by 36% to £68.3m while its new Polish business saw its start-up... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...