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Our Investment Case

Large addressable markets with significant growth potential

The market size in our 4 specialist businesses:

£10 billion

Retail Finance

£21 billion

Vehicle Finance

£2 trillion

Real Estate Finance

£21 billion

Commercial Finance

Our Savings business operates in a market worth over £1.5 trillion

Driving CIR improvements through simplification

Project Fusion, our cost efficiency programme is targeting £8 million of cost savings by YE 2025 and we are targeting a cost-income ratio of 44-46% with a lending book at £4 billion.

Market share gains through improved customer experience and leveraging networks

STB achieves high scores across a range of review platforms and customer surveys. Through sustaining and improving our customer experience, we gain market share.
With strong networks of retailers, professional services firms, introducers, car retailers and others, we increase our reach into our specialist markets, introducing new products and driving growth.

Scalable and agile technology platforms that underpin growth and efficiency

Our IT platform has seen significant investment over the last few years, ensuring scalability to support our growth.
Our IT platform is an essential part of our digitization strategy and operational process efficiency that support Project Fusion.

Well established track record of prudent credit underwriting

As a specialist lending, we have pricing power in our markets to provide attractive Risk adjusted margins.
Each of our businesses has deep experience in credit underwriting, reflecting low levels of bad debt and falling cost of risk.

Trading at material discount to Tangible NAV

Our share price is at a material discount to our current TNAV of £18.64 per share.