Source - SMW
International Personal Finance delivered credit issued growth of 5% driven by strong performances across IPF Digital and Mexico home credit - up by 40% and 6% respectively - while European home credit contracted by 3%.

The group said  credit quality was good with annualised impairment as a percentage of revenue at 26.2% and within its target range of 25% to 30%. 

Looking ahead, the group said: 'Our growth guidance for the year remains unchanged for European home credit and IPF Digital.  

'In Mexico, we expect to see slightly slower rates of credit issued growth as a result of the disruption caused by the earthquakes. 

'For the Group as a whole, our impairment expectations for 2017 remain unchanged notwithstanding the negative impact of the earthquakes in Mexico.'