
Fast growing UK bank trading at 5.1x PE and 0.45x PB - Part 2
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Narrated by:
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About this listen
- In this series of videos I take a look at Secure Trust Bank (STB.L) - a fast growing specialist lender trading at a deeply depressed valuation. Part 2 provides an in-depth look at the vehicle finance segment.
- Chapters:
- 0:00 Introduction
- 01:10 Vehicle finance overview
- 03:50 Product breakdown
- 14:35 Commission and FCA investigation
- 17:50 Loan book growth
- 18:58 Net interest income and risk adjusted income
- 21:53 Market share and competition
- 23:40 Black Horse Limited
- 26:50 Volvo Car Financial Services UK Limited
- 29:32 Close Brothers Group plc
- 32:22 Next episode preview and Firm Returns
- You can read the article here: https://www.firmreturns.com/secure-trust-bank-research-report/
- Where you can also subscribe to my free newsletter to get the articles delivered directly to your inbox.
- I'm on Twitter at: https://twitter.com/FirmReturns
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