Finbond expects half-year earnings to fall 20%
The specialist lending company says the value of loans advanced during the period decreased by 33% compared to 2019
02 October 2020 - 18:42
Specialist lending company Finbond, which expects earnings to fall more than 20% for its six months to end-August, said on Friday that the impact of the coronavirus has slowed lending.
The lender, which plays in the unsecured lending credit landscape in SA and North America, said the value of loans advanced during the reporting period decreased by 33% to R1.93bn compared to R2.87bn in the prior year. ..
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