Yorks lender Cattles moves to reassure market
Published Date:
09 May 2008
Business Editor
Specialist consumer lender Cattles today moved to reassure that it had seen a strong start to the year and was on top of its funding needs despite the credit crunch.
The firm, based in Batley, West Yorkshire, said it was "confident" of being able to raise the remaining £100m needed for its 2008 funding targets.
The group last month said it was making a £200m cash-call to shareholders to bolster its finances amid the crisis in credit markets.
It confirmed today it has also secured £200m of the £300m funding required this year from wholesale markets.
Cattles, which lends in the sub-prime market, is also in the process of applying to become a bank and said today it hopes to raise £1bn from savings deposits by 2010.
The full article contains 136 words and appears in n/a newspaper.
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Last Updated:
09 May 2008 10:34 AM
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Source:
n/a
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Location:
Leeds
