Secure Trust Bank PLC (STB.L), Wednesday announced an agreement to sell its Consumer Vehicle Finance business to funds managed by LCM Partners, an European Alternative Investment Fund Manager, for an estimated price of 458.6 million pounds.
The move is in line with the company's strategic plan to improve Return on Average Equity over time and focus on deploying capital in its higher returning Core businesses.
Upon completion of the deal, expected in the first quarter of 2026, the company will derecognise the portfolio and will service the portfolio on commercial terms on behalf of the purchaser until a targeted migration date in the second quarter of 2026.
Secure Trust's stock closed at 1,095.00 pence, up 1.86 percent on the London Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.