Secure Trust Bank (STB) Interim results presentation - August 2024

Secure Trust Bank CEO, David McCreadie and CFO, Rachel Lawrence present their results for the six months to 30 June 2024, followed by Q&A. David McCreadie, CEO 00:22 - Introduction 01:01 - H1 2024 overview Rachel Lawrence, CFO 08:02 - Income statement 09:42 - Net interest margin 1!:04 - Cost of funds 11:39 - Operating expenses 12:42 - Project Fusion cost savings 13:35 - Impairment charges and provisions 16:34 - Balance sheet 17:53 - Capital 18:14 - Funding and Liquidity David McCreadie, CEO 18:50 - Strategic focus 19:11 - Strategic progress 23:53 - Retail Finance 25:39 - Vehicle Finance 27:05 - Real Estate Finance 28:13 - Commercial Finance 29:43 - Savings 30:44 - Summary and outlook 32:48 - Q&A Secure Trust Bank PLC is a United Kingdom-based retail bank. The Company’s segments include Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Real Estate Finance is engaged in lending secured against property assets to a maximum 70% loan-to-value ratio, on fixed or variable rates over a term of up to five years. Commercial Finance is engaged in lending predominantly against receivables, typically releasing 90% of qualifying invoices under invoice discounting facilities. Other assets can also be funded either long or short-term and for a range of loan-to-value ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and near-prime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online e-commerce service to retailers, providing unsecured lending products to prime United Kingdom customers.