DF Capital has published a trading update ahead of its December 2021 results publication in April. The update confirms that the operating model is proving highly effective. DFCH has had a record year for loan origination
(£690m) and the 2021 loan book has more than doubled to around £250m,
fully funded by retail deposits that stood at £295m at year-end 2021. Strong
cost management and low arrears underpin our reduced pre-tax loss
estimate of £4.1m.
DFCH commented that whilst Covid-related supply chain
issues are easing, the Board remains realistic about near-term loan book
growth.
Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.