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PCF Bank's 'strong balance sheet and experienced management' to see it though crisis

PCF Group Plc's (LON:PCF) Scott Maybury tells Proactive London's Andrew Scott the specialist business bank has entered the current coronavirus crisis in a strong financial position.

He says up until February, business was strong, but the impact of the lockdown has since seen new loans issued fall 26% below target in March and by 65% in April.

Maybury adds that their business continuity plans have proved resilient and it is still supporting SMEs, while it has £75mln of unearned future income on its balance sheet to come through.

''Our portfolio and experience of past crises will lead us to come out of this just as we've come out in the past'', he says.

Quick facts: PCF Group Plc

Price: 19.5 GBX

AIM:PCF
Market: AIM
Market Cap: £48.8 m
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PCF Group PLC: Proactive One2One Virtual Event

PCF Group Plc's (LON:PCF) Scott Maybury pitches the company to investors at the Proactive One2One Virtual Event. PCF Bank was established in 1994 to bring two qualities into vehicle and plant & equipment financing: simplicity and customer focus.

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