PCF profit jumps 54% as loan book swells

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Specialist bank PCF reported a 54% rise in annual profit as it grew the size of its loan book.

Pre-tax profit for the year through September rose to £8.0m, up from £5.2m on-year.

Operating income rose 51% to £22.2m, though the group's net interest margin fell to 7.8%, down from 8.2%.

'While the year ahead may see some weakening of wider economic activity, we feel we are well placed as a specialist bank to deliver our strategic objectives and provide strong shareholder returns,' chairman Tim Franklin said.

At 9:28am: (LON:PCF) PCF Group PLC share price was 0p at 36p