Secure Trust Bank Plc - Company Profile
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Business Description
Secure Trust Bank Plc (Secure Trust) is a retail and commercial bank, which offers banking products such as deposits and lending solutions to individuals and businesses.
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Business Segments
Overview
Classified into two segments: real estate, and commercial finance. Real estate finance supports development loans, residential and commercial investments. Commercial finance includes loans for working capital and strategic events to the existing commercial finance customers. Also offers Government guaranteed Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme and Recovery Loan Schemes. It distributes through professional introducers.
Performance
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Overview
Consumer finance includes retail finance, and vehicle finance. Vehicle Finance offers to hire purchase and Personal Contract Purchase lending, both of which are secured against the financed vehicle. Also offers Stock Funding, Retail finance provides unsecured loans to online and in-store retailers to purchase consumer products. It distributes through brokers, motor dealerships, and internet introducers.
Performance
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Overview
Includes interest receivable from central banks, interest receivable on derivatives and property rental income.
Performance
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