Distribution Finance Capital Holdings plc (LON:DFCH) (DF Capital), a specialist bank providing working capital solutions to dealers and manufacturers across the UK, has announced that its loan book reached £334m as at 30 September 2022, up 34% since the start of the year. Additionally, the Group’s year-to-date stock turn has extended to c.115 days (FY 2021: 105 days).
The Group continues to perform in line with the Board’s expectations for the year ending 31 December 2022.
Carl D’Ammassa, DF Capital Chief Executive, commented: “The momentum we reported through the first half of the year has continued during the third quarter as we head into the critical re-stocking period and expect to see continuing loan book growth. I am pleased with the progress that we have made this year as we scale the bank and focus on reaching near-term profitability.”