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- Secure Trust Bank has raised its cost-cutting target, while a review by City regulator affecting its vehicle finance arm weighed on the firm’s earnings in the first half of 2024. On Wednesday, the London-listed lender upgraded its annualised cost savings target under its “Project Fusion” programme to £8m from £5m by the end of 2025.
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Aug 14, 2024 · Secure Trust Bank has raised its cost-cutting target, while a review by City regulator affecting its vehicle finance arm weighed on the firm’s earnings in the first half of 2024.
Aug 14, 2024 · Secure Trust Bank has announced that it is increasing its cost-cutting target, as a review by the City regulator put pressure on its vehicle finance arm's earnings in the first half of 2024.
6 days ago · By increasing its annualized cost savings goal from £5 million to £8 million by the end of 2025, Secure Trust is signaling its commitment to enhancing profitability while navigating external pressures.
Aug 14, 2024 · Specialist lender Secure Trust Bank (STB) has increased its cost savings target from £5m to £8m after redesigning the organisation. The Solihull-headquartered lender says the cost optimisation...
Aug 16, 2024 · Alongside 2024 interim results (to 30 June), Secure Trust Bank (STB) announced substantial upgrades to its 2025 and 2026 cost reduction targets. We now forecast a 44% cost income ratio in 2026, at the lower end of management’s medium-term target (MTT) range.
Aug 14, 2024 · (Alliance News) - Secure Trust Bank PLC on Wednesday reported positive financial performance in the first half alongside successful cost optimisation, leading the company to raise its cost-savings target.
Mar 21, 2024 · Our strategy to simplify the Group continues at pace, with further cost optimisation savings delivered during the year. We are on track to deliver our upgraded target of £5 million of annualised savings 2 by the end of 2024.
