The half-year results for Secure Trust Bank asset finance have shown a ‘contraction’ in asset book lending, a year-on-year drop of 21% to £87.9m (€98.58m), down from £111.5m (€125m).
Invoice finance lending balances grew year-on-year to £187.5m from £94.2m. During this time Secure Trust funded over £2bn of customers’ invoices since invoice finance operations started in September 2014.
