AGM Statement

RNS Number : 7710L

International Personal Finance Plc

12 May 2010

 



12 May 2010

International Personal Finance plc ("IPF")

Update on trading and funding

At today's Annual General Meeting, the Chairman of IPF, Christopher Rodrigues, will make the following statement:

"IPF continues to make good progress. In Poland and, more broadly, in Central Europe we are benefiting from an improving collections performance and reduced levels of impairment as the impact of the adverse weather conditions in January and February begins to reverse. Trading in April was ahead of plan.

We have sufficient committed bank facilities to fund the development of our business through until October 2011 and we plan during 2010 to extend the maturity of our debt funding and diversify its sources. As a first step towards this, in recent weeks we have established our Euro Medium Term Notes Programme and published our credit rating from Fitch. Together these provide us with the potential to access the public debt markets."

The interim results for IPF will be published on Thursday 22 July 2010 and will be accompanied by an analyst briefing.

For further information contact:

Finsbury
James Leviton                                       [phone]
Charles Watenphul

International Personal Finance plc
Helen Spivey (Investor Relations)          [phone]
Victoria Richmond (Media)                   [phone]

 

END

 

 

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