{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"Secure Trust Bank (STB) Interim results presentation - August 2024","html":"","width":"100%","height":180,"duration":3040,"description":"Secure Trust Bank CEO, David McCreadie and CFO, Rachel Lawrence present their results for the six months to 30 June 2024, followed by Q&A.\nDavid McCreadie, CEO00:22 - Introduction01:01 - H1 2024 overview\nRachel Lawrence, CFO08:02 - Income statement09:42 - Net interest margin1!:04 - Cost of funds11:39 - Operating expenses12:42 - Project Fusion cost savings13:35 - Impairment charges and provisions16:34 - Balance sheet17:53 - Capital18:14 - Funding and Liquidity\nDavid McCreadie, CEO18:50 - Strategic focus19:11 - Strategic progress23:53 - Retail Finance25:39 - Vehicle Finance27:05 - Real Estate Finance28:13 - Commercial Finance29:43 - Savings30:44 - Summary and outlook\n32:48 - Q&A\nSecure Trust Bank PLC is a United Kingdom-based retail bank. The Company’s segments include Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Real Estate Finance is engaged in lending secured against property assets to a maximum 70% loan-to-value ratio, on fixed or variable rates over a term of up to five years. Commercial Finance is engaged in lending predominantly against receivables, typically releasing 90% of qualifying invoices under invoice discounting facilities. Other assets can also be funded either long or short-term and for a range of loan-to-value ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and near-prime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online e-commerce service to retailers, providing unsecured lending products to prime United Kingdom customers.","thumbnail_url":"https://img.transistorcdn.com/oB5fNE4aIAia_YyTCKvE1PzrZQaD1Fjo_P7m7T9Aw_Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kOTJi/ODBiMzBmOGFhZWJi/MWEzYThkMzAyNmZm/MTdjZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}