TruFin Expects Delay In Timetable For Approval Of DFC's Bank Licence

LONDON (Alliance News) - TruFin PLC on Friday said it has been informed by the UK Prudential ...

Alliance News 7 December, 2018 | 5:35PM
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LONDON (Alliance News) - TruFin PLC on Friday said it has been informed by the UK Prudential Regulation Authority that it is "likely" there will be a delay in the approval of its investee Distribution Finance Capital banking licence.

The company said it remain confident that the licence will be granted "in due course".

At the end of November, TruFin said it expected the licence to be granted early in the first quarter of 2019. Then, DFC will launch as a fully-fledged specialist working capital bank for SMEs.

TruFin shares closed up 0.5% at 203.98 pence each on Friday.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Trufin PLC Ordinary Shares 201.00 GBX 0.00 -
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