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12/17 05:55
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Financial Performance: Judo Capital Holdings Ltd reported a 14% increase in profit before tax, reaching GBP125.6 million, with significant improvements in cost-to-income ratio and net interest margin.
Lending and Deposits: The company achieved robust loan growth with gross originations exceeding $4.7 billion and deposits growing to over $10 billion, indicating strong customer satisfaction.
Risk Management: The cost of risk decreased as a percentage of gross loans, although elevated runoff rates and competitive pricing pressures could impact future profitability and loan book growth.
Future Outlook: Judo targets a loan book of $14.2 billion to $14.7 billion by June next year, with expectations for continued revenue growth and a CTI ratio below 50%, supported by new savings products and effective treasury management.
