Group business review
The group has produced a solid performance in 2009 as a result of the careful management of growth, impairment and costs against the backdrop of a worsening economic environment. The group has a strong balance sheet and liquidity position.
|Real Personal Finance||(7.7)||(2.7)||(5.0)|
|Consumer Credit Division||121.2||126.1||(4.9)|
|Yes Car Credit||0.2||(2.9)||3.1|
|– interest receivable||1.6||3.1||(1.5)|
|Profit before tax and exceptional costs||130.1||128.8||1.3|
Split of business divisions by year-end receivables
Consumer Credit Division £883.8m
Vanquis Bank £255.5m
*stated before exceptional finance costs of £4.4m.