Provident on a high after strong start

Provident Financial, the FTSE 250 doorstep lender, has reported a good start to the year after its Home Credit business delivered a sound collections performance through the first four months of 2012.

Provident Financial, the FTSE 250 doorstep lender, has reported a good start to the year after its Home Credit business delivered a sound collections performance through the first four months of 2012.

Delinquency levels at Vanquis Bank remain at record lows, the firm said, and the business continues to generate strong growth and margins.

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