UK's Secure Trust Bank​​ falls on hike in motor finance redress provision

Secure Trust Bank

20/10/2025 09:36

** Britain's Secure Trust Bank's shares STBS.L fall nearly 4% to 850p

** Co expects to raise its motor finance redress commission provision by about 16 mln pounds ($21.5 mln) to a total of 21 mln pounds

** Says the hike is to reduce its CET1 ratio by about 50 bps to 12.8%

** Adds provision could go up by 6 mln pounds more if FCA scheme implemented entirely

** The drop trims STBS's YTD surge to ~139%

 ($1 = 0.7450 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))