Secure Trust Bank (STB) Full Year 2024 results overview - March 2025
Secure Trust Bank CEO, David McCreadie provides an overview of the group's results for the 12 months to 31 December 2023. David McCreadie, CEO00:29 Introduction00:49 Vehicle Finance Sector challenges02:03 Strategic goals & targets04:31 2024 performance highlights06:32 Strategic initiatives08:39 Outlook and conclusion Founded over 70 years ago, Secure Trust Bank is a leading retail deposit-funded specialist bank operating in four core markets: retail finance, vehicle finance, real estate finance, and commercial finance. Secure Trust Bank’s management has simplified the business through the sale/exit of non-core businesses, repositioning the loan portfolio towards lower-risk loans, and focusing on reducing operating costs to drive efficiency (Project Fusion).