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International Personal Finance PLC on Wednesday reported increased lending and higher customer numbers in what it called a ‘strong’ third-quarter performance. ‘We continue to see good demand from consumers for our expanded product set alongside excellent repayment performance and robust credit quality, all of which underpin our strong financial position,’ said Chief Executive Gerard Ryan. The provider of credit products and insurance services said ‘robust’ consumer demand and new product initiatives drove an acceleration in customer lending growth to 14% in the three months to September, taking the year-to-date advance in 2025 to 12%. The ‘standout’ performers continue to be Mexico digital, up 40% year-on-year, and Australia digital, up 25%, as well as Romania home credit, up 20%, and Poland, up 17%, the company noted. Customer numbers returned to growth, showing a year-on-year uplift of 2.3% to 1.7 million at the end of the quarter, with good momentum being delivered by all three divisions. Over 40,000 new customers were added in the third quarter alone, the company said. Closing net receivables increased by 14% to £1.01 billion, with strong growth being delivered ‘across the board’, International Personal Finance noted. But the annualised impairment rate increased from to 9.8% from 8.3% in the quarter, which the company said reflected an acceleration in growth. CEO Ryan said International Personal Finance remains on track to deliver full-year results in line with prior guidance. ‘We see good opportunities to reinvest the benefits of our current success in furthering our growth plans, particularly in Mexico, Australia and our new digital products and platforms,’ the company said. Shares in International Personal Finance were 3.0% lower at 207.00 pence each in London on Wednesday. The company returned to the FTSE 250 index in September, after an eight-year absence, after being demoted back in 2017. In September, International Personal Finance received a 235p per share takeover proposal from BasePoint Capital LLC which it said it ‘would be minded’ to accept. On Wednesday, the firm said it understands BasePoint is making ‘constructive progress’ in raising finance for the potential cash offer and has asked for more time to bring this to a conclusion. As a result, the deadline by which an offer must be made until November 19. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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