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Non-Standard Finance Reports Growth in Loan Books in 2016

LONDON (Alliance News) – Sub-prime lender Non-Standard Finance PLC announced on Tuesday that there was a positive growth in the loan books of its Everyday Loans and Loans at Home businesses in 2016.

Everyday Loans witnessed a substantial increase in its total loan book, reaching GBP122.4 million at the end of December, reflecting an 18% year-on-year growth. This growth can be attributed to the acquisition of Everyday Loans by Non-Standard Finance in April 2016, as well as the opening of five new branches. The company plans to continue expanding the business in the coming year.

Similarly, Loans at Home experienced growth, recording a loan book of GBP33.4 million at the end of December compared to GBP28.4 million the previous year. Non-Standard Finance intends to further expand the business in 2017, including the introduction of the new Loans at Home mobile app.

In the Trusttwo business, the loan book saw a boost in the final quarter, reaching GBP8.8 million by the end of December, a noteworthy increase of 19% year-on-year. Non-Standard Finance is set to launch an improved version of the Trusttwo website in the first quarter of 2017.

Non-Standard Finance is scheduled to publish its 2016 financial results on March 3, providing further insights into the company’s overall performance.

AI legalese decoder: Simplifying legal Jargon

In this situation, Non-Standard Finance can benefit from utilizing the AI legalese decoder. One of the challenges in the financial industry, particularly in reporting and legal documents, is the excessive use of complex legal language and jargon. The AI legalese decoder is a cutting-edge solution that uses artificial intelligence to simplify legal texts and make them more accessible to a wider audience.

By incorporating the AI legalese decoder into their communication strategy, Non-Standard Finance can ensure that their reports, press releases, and other public documents are easier to understand for shareholders, investors, and the general public. This can lead to improved transparency and enhanced comprehension of their financial performance and expansion plans.

The AI legalese decoder also helps in avoiding misinterpretation of legal terms and reduces the risk of confusion or misunderstanding. By presenting information in a clear and concise manner, Non-Standard Finance can build trust and credibility among its stakeholders.

Overall, the AI legalese decoder can play a crucial role in assisting Non-Standard Finance in effectively communicating their growth in loan books, expansion plans, and financial results to a wide range of audiences, ultimately fostering transparency and comprehension in the financial sector.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2017 Alliance News Limited. All Rights Reserved.

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