Provident Financial consumer arm to book hefty losses
The group said its consumer credit division is expected to report a pre-exceptional loss of approximately £120 million.
Provident Financial’s consumer arm will book full-year losses at the upper end of guidance, with the troubled subprime lender blaming a poorly executed change of strategy.
The group, which is attempting to bounce back from a torrid 2017, said its consumer credit division is expected to report a pre-exceptional loss of approximately £120 million.
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