Secure Trust Bank PLC is a longstanding established UK bank, having been incorporated in 1954. Its core business is to provide banking services including a range of lending solutions and savings products. The bank operates from its head office in Solihull, West Midlands and had 589 full-time equivalent employees at 30 June 2014. It has been a subsidiary of the Arbuthnot Banking Group since 1985. Visit www.arbuthnotgroup.com for more information on the Arbuthnot Banking Group.

The bank successfully listed on the Alternative Investment Market (AIM) in November 2011 and has increased its portfolio in recent years, acquiring the Everyday Loans Group and the V12 Finance Group in June 2012 and January 2013 respectively and the trade and certain assets of Debt Managers Holdings Ltd in January 2013.

The bank’s diversified lending portfolio focuses on its core products of unsecured personal lending, motor finance and retail finance, whilst it is also now developing lending solutions for the small and medium-sized enterprises (SME) market. It provides current accounts to UK customers who may not be adequately served by other banks and its lending is entirely funded by customer deposits, with no exposure to wholesale funding.

Personal lending

These are fixed rate, fixed term products with loan terms of between 12 and 60 months and advances varying from £500 to £15,000. The acquisition of Everyday Loans in June 2012 has significantly broadened the bank’s reach to a wider market as well as introducing a high street presence.

Motor finance

Motor finance is a multi-channel offering through motor dealerships and brokers. These are fixed rate, fixed term hire purchase agreements which are secured mainly against used cars with finance term periods ranging from 24 to 60 months and a maximum loan size of £15,000. The bank services the majority of the Top 100 UK car dealership groups.

Retail finance

Retail finance offers lending solutions for store and online retailers for fixed rate unsecured loans of up to £25,000 and terms ranging from 6 to 48 months. The bank acquired the V12 Finance Group during 2013; an acquisition which was complementary to the bank’s existing retail finance activities and which has enabled it to integrate its retail lending activities with those of the V12 Finance Group to leverage their market leading point of sale system.

SME finance

This comprises the Real Estate Finance, Commercial Finance and Asset Finance businesses.

Real Estate Finance has built a significant pipeline of predominantly short-term development finance, typically for house building. The new Commercial Finance and Asset Finance businesses are also being developed with proven high quality teams recruited.

Current Accounts

These offer customers a current account with a prepaid card. A monthly fee is charged for the service but customers have the ability to earn rewards at participating retailers. The current account product has undergone progressive enhancements since its introduction.

Savings products

These represent a combination of instant access accounts, notice deposits and deposit bonds with competitive interest rates


http://www.securetrustbank.com/general/about-secure-trust-bank

It is a bank, but not as many would know it. Secure Trust Bank (STB:AIM) has a robust balance sheet because it did not use the interbank lending market to fund its activities and successfully steered clear of scandals that have moved banks out of the business section and onto the front pages of national newspapers in recent years.
In 2013 the bank is a candidate to make headlines for the right reasons. A new war chest, the result of a £20 million placing in December, gives chief executive Paul Lynam plenty of scope to develop the banks offering, so expect positive newsflow next year. A mantra of simple, straightforward banking means Secure Trust can fund its lending through its deposits, thus avoiding the problems caused by short term borrowing which has hit some other institutions. The institution does not have an investment banking division and is not heavily involved in thev PPI mis-selling scandal. More than 90% of the PPI claims against the bank have been dismissed by the OFT and it has paid out less than £5,000 in compensation. The £201.8 million concern may be small, controlling less than 1% of the UK market, but it has plenty of room to grow as customers turn away from its larger troubled peers in search of greater security. This is already happening. By July its deposits grew 37% year-on-yearto £297.9 million while it welcomed 58% more customers taking the total to almost 200,000

Acquisition by Secure Trust Bank PLC
RNS
RNS Number : 2186U
Arbuthnot Banking Group PLC
24 December 2012



PRESS RELEASE

Immediate release



24 December 2012





Arbuthnot Banking Group PLC



Secure Trust Bank PLC - Acquisition of V12 Group Finance



Arbuthnot Banking Group PLC ("ABG") is pleased to announce that its 70.7% owned subsidiary, Secure Trust Bank PLC ("STB") has agreed to acquire the V12 Group. V12 Group Finance Limited and its wholly owned subsidiaries, V12 Retail Finance Limited and V12 Personal Finance Limited (together, "V12", "V12 Group" or the "Business") provide retail point of sale loans, typically for 12 months on an unsecured basis to consumers who are predominantly classified as prime borrowers. The loans are originated through a national network of in store and online retailers using a point of sale technology-based platform. The Business will continue to trade using the V12 brand. This activity is complementary to STB's existing retail finance proposition.



STB has agreed to acquire the entire issued share capital of the V12 Group and the existing loan book which had balances of approximately £35m as at 30 November 2012. The vendors are private investors including Jon Moulton and the V12 management team. The V12 management team will continue in the business.



The consideration of £3.5 million is payable in cash by STB on completion which is scheduled to take place on 2nd January 2013. Upon acquisition STB will immediately provide funding so that V12 can fully redeem circa £7.0 million of subordinated debt principally held by Jon Moulton. In addition STB will provide funds on completion to enable V12 to repay its existing bank finance from The Royal Bank of Scotland amounting to approximately £28.5 million.



The cash consideration will be funded from STB's existing resources and the additional regulatory capital requirements arising from the enlarged STB balance sheet will be provided from a proportion of the proceeds of the placing undertaken by STB in November. The net assets being acquired are expected to be fair valued at approximately £3.4 million. The costs incurred by STB to complete this acquisition are estimated to be in the region of £0.7 million.



V12 had a loan book of £33 million as at 31 March 2012 and generated profit before tax and subordinated debt interest under UK GAAP of £0.3 million in its audited statutory accounts for the year ended 31 March 2012. STB will provide V12 with the funding needed to expand organically by deepening relationships with existing retailers, forging relationships with new retailers and expanding the range of products and services it offers to consumers and retailers alike. The acquisition is expected to be earnings enhancing for STB in the 2013 financial year.



Paul Lynam, Chief Executive Officer of Secure Trust Bank PLC, said:



"Over the last three years STB has developed its own retail finance business with lending balances at the end of September 2012 standing at over £60 million. Despite this rapid growth, the market opportunity remains very significant. The 2012 Finance and Leasing Association data showed that over £237 million of in store finance volumes were written in the month of October alone. The acquisition of V12 gives us greater critical mass and ownership of a technology-based platform necessary to provide consumers with in store and online point of sale finance. Like many non-bank financial institutions, V12's ambitions have been frustrated by the lack of wholesale funding in the recent past. STB's funding will help to unlock V12's potential and I am delighted that Nick Davies, CEO of V12, and his management team are joining us and warmly welcome them to STB. I look forward to working with them to optimise our retail finance proposition going forward."





Chief Executive Officer of V12, Nick Davies, said:



"We are delighted to become part of the STB team and look forward to playing a full part in their exciting future plans for growth. We believe that the benefits of being part of a bigger group will allow us to further enhance our current range of products and services, which in turn will improve the service we can offer to our retailers and customers."



-ENDS-

Steady buying.

Going well now.

up 8%

Making good progress in 2013 so far

massive spread for a bank, all those who chased the tip in the telegraph may be able to sell at a small profit. i was tempted but not going to bother now.[surest sign that it will do well ;) ]
GLA

Alex

PRE-CLOSE TRADING UPDATE
RNS
RNS Number : 6313V
Secure Trust Bank PLC
16 January 2013









For Immediate Release



PRESS RELEASE 16 January 2013











SECURE TRUST BANK PLC







PRE-CLOSE TRADING UPDATE









Secure Trust Bank PLC ("STB" or the "Company") today issues a pre-close trading update ahead of its preliminary results announcement for the year ended 31 December 2012 scheduled for 21 March 2013.



STB celebrated its 60th year in business in 2012 by delivering on the commitments it made on its IPO at the end of 2011. The good trading performance previously disclosed for the quarter ending 30 September 2012 continued during the last quarter of 2012, with growth in all the lending portfolios and the current account product. As a result the company expects to report profit before tax for 2012 in line with market expectations.



The Company continues to work on a diverse pipeline of organic and inorganic business opportunities as detailed at the time of the placing announced in November 2012. STB announced the completion of the acquisition of the V12 Finance Group on 3 January 2013 and the acquisition of the business of Debt Managers on 15th January 2013. The costs arising from these acquisitions of approximately £0.8m will be included in the 2012 accounts as an exceptional.



The profitable trading coupled with the successful equity placing in the fourth quarter resulted in STB ending the year with robust capital and funding positions. STB enters 2013 in a strong and confident position and will continue to call on Government and the regulators to do more to enable challenger banks, such as itself, to compete on a like for like basis with the larger, state supported and subsidised banks

Growth as expected

http://www.edisoninvestmentresearch.co.uk/researchreports/STB180113update.pdf

No movement of late, on the move today.

Secure Trust Bank PLC (STB:LSE) set a new 52-week high during today's trading session when it reached 1,925. Over this period, the share price is up 81.38%.

preliminary results announcement for the year ended 31 December 2012 scheduled for 21 March 2013.

Final Results




Financial Highlights



· Operating income increased by 65% to £47.0m (2011: £28.5m)

· Statutory profit before tax increased by 136% to £17.2m (2011: £7.3m)

· Underlying* profit before tax increased by 110% to £16.6m (2011: £7.9m)

· Core Tier 1 Capital ratio at year end of 23% (2011: 21%)

· Loan to deposit ratio 75% (2011: 57%)

· Gross leverage ratio 5.8x (2011: 6.7x)

· Post-tax return on average equity 39% (2011: 26%)

· Reported earnings per share 108.9p (2011: 39.6p)

· Underlying* earnings per share 89.2p (2011: 55.6p)

· Proposed final dividend per share of 43p



Operational Highlights



· First bank in the UK to be granted the Customer Service Excellence Award, introduced by the Cabinet Office in 2010 to replace the Kite Mark

· New internet banking platform launched

· Customer numbers grew 60% to 231,713

· Customer lending balances increased by 93% to £297.6m

· Customer deposits increased by 47% to £398.9m

· Impairments have continued to be lower than the level expected at origination

· Robust contribution from Everyday Loans following the acquisition in June 2012




http://www.moneyam.com/action/news/showArticle?id=4559016

Small is beautiful

http://www.edisoninvestmentresearch.co.uk/researchreports/STB_28032013_outlook.pdf

:-))

A buy in this weeks shares mag - secure trust is a rock solid growth play.

It funds its lending from the deposits it receives rather than from the wholesale or inter-bank markets. Consensus expects the bank's strong growth to continue . Its pre-tax profits are expected to rise to £23m this year, up from £17.1m in 2012. Analysts expect £30.4m in 2014.

On Friday, Secure Trust Bank PLC (STB:LSE) closed at 1,950, 1.27 % below its 52-week high of 1,975, set on Mar 04, 2013.

Interim 2013 results announcement 18 July 2013

up 7% today.


Secure Trust Bank PLC (STB:LSE) set a new 52-week high during today's trading session when it reached 2,400. Over this period, the share price is up 130.66%.

Secure Trust Bank maintains discipline as customer numbers soar


http://sharecast.com/news/secure-trust-bank-maintains-discipline-as-customer-numbers-soar/21036552.html