Provident Financial plc
PFG.L
London Stock Exchange225.00
GBp
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Provident Financial plc
PFG.L
(London Stock Exchange)
Recent
price
225.00
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ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Vanquis Banking Group plc (PFG.L), formerly Provident Financial plc until its rebranding in March 2023, operates as a UK-based specialist lender focused on non-prime consumers through credit cards, unsecured personal loans, vehicle finance, second charge mortgages, and savings products; its core brands include Vanquis for credit cards with varied APRs and limits alongside fixed-rate, notice, and easy-access savings accounts including cash ISAs, Moneybarn for secured financing on new and used cars, motorbikes, and light commercial vehicles, and Snoop for data-driven financial insights and free credit scoring. Founded in 1880 and headquartered at No. 1 Godwin Street in Bradford, West Yorkshire, the company primarily serves UK customers underserved by mainstream banks, with approximately 6.3 million accounts and lending funded mainly by retail deposits at 84.6% of total funding. Recent developments include the launch of new credit card variants and a benefits checker tool in 2025, enhanced vehicle finance credit decisioning, strong growth in second charge mortgages to £371 million via forward flow agreements with Interbridge Mortgages and a partnership with Selina Finance, introduction of a new lending decision engine in 2024 for better portfolio segmentation, and a September 2025 tender offer to repurchase £200 million in notes using excess liquidity to optimize capital ahead of issuing new perpetual subordinated contingent convertible notes; the group also advances its Gateway technology transformation with a new onboarding platform for vehicle finance targeted for mid-2026 and maintains a Tier 1 capital surplus of £96 million above requirements.