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

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

Secure Trust Bank
Interim results 2013
Exploiting opportunities


http://www.edisoninvestmentresearch.com/researchreports/STB230713update.pdf

In this weeks IC - Secure Trust is growing fast-

Don't be fooled by the sharp drop in headline half-year profits at Secure Trust Bank (STB) - that reflects a one off £8.9m fair valuation gain in the prior years figures. Underlying pre-tax profit actually grew 37% year on year to £10.3m. That impressive performance-which centres mainly on car finance and personal loans - included a 41% increase in the over all loan book to £365.8m, while customer numbers jumped 64% to
325,052. Moreover, the group's lending operations aren't reliant on raising funds through the wholesale market and are financed by retail customers deposits - in the first half, that balance grew 30% to £386.7m.
However, the current cost of wholesale funding is less than the rates paid to retail depositors. Accordingly the bank has secured access to cheap funds through the funding for lending scheme and there are plans to accelerate lending to the small and medium sized enterprises sector. But management stressed that there's no intention on becoming reliant on wholesale funding. The bank also completed the acquisition
of V12 Retail Finance Group and Dept Managers - some cost synergies are expected in the second half.
Broker Canaccord Genuity expects full year adjusted pre-tax profits of £23m, giving EPS of 113p (from £16.6m and 89p in 2012)


Secure Trust is relatively small, but is also well capitalised and well funded. Indeed, it's well-placed to seriously challenge the high street lenders. However the tightly held shares have more than doubled in the past year and, now trading on a hefty 20 times forecast earnings, they look up with events.

Wow, no stopping secure trust bank.

Recommended in this week's SHARES. It looks a good long term bet.

Final results Thursday 20 March