Credit card offering drives growth at Provident

The credit crunch is starting to seem like a long time ago for Provident Financial, the small loans specialist, which saw a sparkling performance from its Vanquis Bank division in the first half of 2012.

The credit crunch is starting to seem like a long time ago for Provident Financial, the small loans specialist, which saw a sparkling performance from its Vanquis Bank division in the first half of 2012.

First half pre-tax profit rose 17.0% to £72.9m from £62.3m the year before, while earnings per share jumped 19.8% to 41.1p from 34.3p the year before.

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