MCB Finance Group plc: Investor Relations - Share Price & RNS
MCB Finance Group Plc
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Share Price & Regulatory news

MCB Finance Group (MCRB)
Sector: Financial Services
Share Price: 57.50p
Change Today: 0.000p
Market Cap: £10.00m

Your Share Value

Price Data

Currency UK Pounds
Price 57.50p  
Closing Price Change 0.00
Volume 0
03-Sep-10 Close 57.50p
Shares Issued 17.39m
Market Cap £10.00m
Year End 31-Dec-09

Dividends

No dividends found

Regulatory News

Pre-close trading update

RNS Number : 4745O
MCB Finance Group PLC
30 June 2010
 



 

30 June 2010

 

MCB Finance Group Plc

 

Pre-close trading update

 

 

MCB Finance Group Plc (AIM: MCRB.L) ('MCB' or the 'Group'), the consumer finance company providing flexible credit solutions to retail customers in Finland, Estonia, Lithuania and Latvia, announces this pre-close trading update.

 

Since the previous update on 11 May 2010, MCB has continued to make good progress.

 

The four economies in which the Group operates remain stable, although economic growth remains subdued. The decision to admit Estonia into the Euro zone, with entry scheduled for January 2011, provides strong endorsement of the stability of the region.

 

MCB has maintained steady lending volumes compared to the second half of 2009 despite restrained demand reflecting still subdued levels of consumer confidence.

 

The Group's credit quality has continued to improve in all markets, benefiting substantially from ongoing improvements to our credit scoring models and credit extension processes.

 

Overall, we are seeing continued stability in the wider economy and our market segment following a challenging period. The focus is on continued improvements to our lending operations and gradual lending growth while maintaining credit quality.

 

The Group's interims will be published during the first week of September.

 

 

Further information:

MCB Finance Group Plc:

Rami Ryhänen, Chief Executive

rami@mcbfinance.com

+372 5300 8332

 

Henry Nilert, CFO

henry@mcbfinance.com

+358 451 370 065

www.mcbfinance.com

 

 

Media enquiries:

Allerton Communications:

Peter Curtain

peter.curtain@allertoncomms.co.uk

+44 20 3137 2500

 

 

Nominated adviser and broker:

Fox-Pitt, Kelton Limited:

Jonny Franklin-Adams

+44 20 7065 2000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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