Third Quarter Loan Book
Source: RNS
12 October 2022
Distribution Finance Capital Holdings plc
("DF Capital" or the "Company" together with its subsidiaries the "Group")
Third Quarter Loan Book
Distribution Finance Capital Holdings plc, a specialist bank providing working capital solutions to dealers and manufacturers across the UK, today announces that its loan book reached £334m as at 30 September 2022, up 34% since the start of the year. Additionally, the Group's year-to-date stock turn has extended to c.115 days (FY 2021: 105 days).
The Group continues to perform in line with the Board's expectations for the year ending 31 December 2022.
Carl D'Ammassa, Chief Executive, commented: "The momentum we reported through the first half of the year has continued during the third quarter as we head into the critical re-stocking period and expect to see continuing loan book growth. I am pleased with the progress that we have made this year as we scale the bank and focus on reaching near-term profitability."
For further information contact:
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Distribution Finance Capital Holdings plc |
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Carl D'Ammassa - Chief Executive Officer |
+44 (0) 161 413 3391 |
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Kam Bansil - Head of Investor Relations |
+44 (0) 7779 229508 |
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Investec Bank plc (Nomad and Broker) |
+44 (0) 207 597 5970 |
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David Anderson Bruce Garrow Harry Hargreaves Maria Gomez de Olea |
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