Secure Trust Bank PLC (STB)

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Company Description

Secure Trust Bank PLC is a longstanding established UK bank, having been incorporated in 1954. It provides banking services including lending solutions and savings products. The Company's diversified lending portfolio currently focuses on unsecured personal loans, motor and retail finance whilst its lending is entirely funded by customer deposits, with no exposure to wholesale funding. The Company also provides current accounts to UK customers who may not be adequately served by other banks. The Company has increased its portfolio in recent years, acquiring the Everyday Loans Group and the V12 Finance Group in June 2012 and January 2013. It has four main operating segments: Personal Lending consists of Unsecured consumer loans sold to customers via brokers and affinity partners; Motor finance consists of Hire purchase agreements secured against the vehicle being financed; Retail finance consists of Point of sale unsecured finance for in-store and online retailers; and Current account and OneBill consisting of The current account comes with a prepaid card to enable effective control of personal finances, whilst OneBill is an account designed to aid customers with their household budgeting and payments process...