Australia's Cash Converters International rises on strong loan book

Cash Converters International

20/07/2022 01:42

** Shares of non-bank lender Cash Converters International
Ltd  CCV.AX  rise as much as 8.7% to A$0.250, mark their biggest
intraday pct gain since July 28, 2021
    ** Co says lending momentum continued into Q4 and gross loan
book finished FY22 at A$214 mln ($147.68 mln), up 20% on pcp
 urn:newsml:reuters.com:*:nASX3gNnDR
    ** Says rebound in credit demand observed in FY22 is
expected to continue into the first half of FY23
    ** Shares hit their highest since June 10
    ** As of last close, stock down 14.8% this year

($1 = 1.4491 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))