David McCreadie, CEO, outlines Secure Trust Bank's Full Year 2023 highlights for the period ended 31 December 2023.

00:00 Open
00:27 Overview
02:08 Group headlines
03:47 Stratic priorities
04:15 Retail Finance
04:48 Vehicle Finance
05:38 Real Estate Finance
06:29 Commercial Finance
07:50 Savings business
08:13 Summary

Secure Trust Bank PLC is a United Kingdombased 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% loantovalue 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 shortterm and for a range of loantovalue ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and nearprime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online ecommerce service to retailers, providing unsecured lending products to prime United Kingdom customers.