Secure Trust Bank sees in-line FY results

Secure Trust Bank said trading in the final period of the year has been in line with management's expectations and as a result the company anticipates the FY results will be in line with market expectations.

"A year of excellent progress ended with a very busy and productive final quarter," it said in a statement.

"The combined effects of the performance of the continuing operations in and the one off profit arising from the sale of Everyday Loans means that 2016 is expected to be the tenth successive year when the return on required equity is in the region of 30%.

"As set out in our interims results, the significant increase in capital arising from the disposal of Everyday Loans results in Group ROE reducing while this capital is re-deployed over time."