Oct 14th 2013 - Edison Investment Research today published a report on Secure Trust Bank (STB.L, LSE:STB, LON:STB) entitled "More Of The Same From The Core; SME Expansion". In summary, the report says:
Secure Trust Bank's Q313 trends continued, as expected, from H113 – strong organic loan and deposit growth across all parts of the book combined with the integration of the three deals from 2012/Q113. Retail funding has been extended, taking advantage of the low rates currently available. The company has outlined more detailed plans to expand into SME finance, which will incur costs in 2014, but should break even the following year. Delivery of expected growth gives valuation upside.
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