EQS-News
4finance Holding S.A. reports results for the six months ending 30 June 2023 - Seite 2
- Strong liquidity position, with €47.0 million of cash in the online business at the end of the Period.
- Solid capital position at TBI Bank (21.5% capital adequacy ratio) despite continued growth in risk weighted assets. Further MREL debt security issue of €10 million in Q2.
- The Group sold nominal €8 million of 2025 bonds that were held in treasury to its subsidiary TBI Bank EAD in June at market price.
- The Group is reviewing alternatives regarding its February 2025 bond maturity.
Kieran Donnelly, CEO of 4finance, commented:
“Last month we surpassed €10bn in online loan issuance since inception, a testament to the business’s adaptability and resilience, and a reminder of how our customers value access to responsible, regulated lending. We continue to grow our loan issuance across both our online and banking arms to meet the rebounding demand for credit. Our ongoing focus on running an efficient and focused business has further improved our cost/income ratio, while we grow online in new markets and TBI continues to grow across all areas.”
Contacts
Contact: | James Etherington, Group Chief Financial Officer | |
Email: | james.etherington@4finance.com / investor_relations@4finance.com | |
Website: | www.4finance.com |
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30.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language: | English |
Company: | 4finance S.A. |
8-10 Avenue de la Gare | |
1610 Luxembourg | |
Grand Duchy of Luxembourg | |
E-mail: | info@4finance.com |
ISIN: | XS1417876163, SE0006594412, XS1092320099, XS1094137806, |
WKN: | A181ZP |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Dublin |
EQS News ID: | 1715145 |