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Provident Financial



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Provident Financial turns away 80% of trade

Provident Financial has tightened its credit criteria four times in the past year and is now turning away 80 per cent of new customer applications

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Careful lending shields Provident Financial

Provident Financial, the lender to Britain's poorest people, has reported a strong third quarter thanks to its conservative approach to lending, with no increase in arrears or impairments.

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Subprime lender Provident buoyant in downturn

LONDON (Reuters) - Subprime lender Provident Financial on Wednesday reported a growing customer base, saying it hoped to win more new business from banks as they tighten lending criteria and as recession looms.

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Provident Financial says outlook unchanged

LONDON (Reuters) - Consumer lender Provident Financial said on Wednesday its outlook for the full year was unchanged after customer growth in the third quarter remained resilient even as it tightened its lending criteria.

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UPDATE 1-Provident Financial says FY outlook unchanged

* Says arrears and impairment in line with its expectations

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Provident Financial says fiscal-year guidance unchanged

LONDON (MarketWatch) -- Specialist lender Provident Financial said Wednesday that its fiscal-year guidance remains unchanged following good progress in the third quarter. Customer arrears and impairment levels remain in line with plan and the group said it remains atrongly funded with over 70 million pounds of surplus equity capital and over 385 million pounds of headroom available on its committed...

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Provident Financial says remains strongly funded

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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Business going well for Provident Financial

Well known doorstep lender Provident Financial has reported healthy figures for the first half of this year both for its loans division and its credit card division. The lender operated that sub-prime credit card, Vanquis, and has seen a healthy rise in borrowing on the credit card according to recent ...

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Could Peter Crook, chief executive of Provident Financial, redeem doorstep lending?

Peter Crook would go down like a lead balloon in the rarefied atmosphere of an Islington dinner party. As the chief executive of Provident Financial, Britain's biggest doorstep lender, the burly Lancastrian lends money to poor people at stratospheric rates of interest and is proud of it.

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Provident Financial takes custom from rivals

Specialist lender Provident Financial has tightened criteria on its card products four times since the credit crisis took hold as it steels itself for a broad economic downturn.

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Provident Financial sees rosy outlook as profits up

LONDON (Reuters) - Subprime lender Provident Financial posted a 34 percent rise in half year profit, slightly ahead of market forecasts, and said it expects to expand customer numbers further in the second half.

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UPDATE 1-Provident Financial H1 profit up 34 pct,outlook rosy

LONDON, July 30 (Reuters) - British subprime lender Provident Financial posted a 34 percent rise in half year profit, slightly ahead of market forecasts, and said it expects to expand customer numbers further in the second half.

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Provident Financial eyeing deposit-taking

Provident Financial, the lender that specialises in loans to low income households, has begun early stage plans to launch a deposit-taking business.