Intl.Personal Finance ahead of plan

23rd Jun 2010 07:02

Central Europe focused lender International Personal Finance said trading has been ahead of plan so far in 2010.Credit issued is growing steadily and credit quality in all markets is good, the company said. After taking impairment charges in the first quarter because of the effects of the bad weather the company's performance in the second half has benefited from the reversal of these charges, with April and May proving to be particularly good months. Trading in the first 3 weeks of June has been in line with expectations.We have seen no adverse impact as a result of the economic uncertainty that has followed from the Greek sovereign debt crisis and we are pleased with the continuing good progress in our Hungarian business. However, our credit controls remain cautiously set, particularly in Romania, where the impact of the government's reduction in public sector pay and pensions has yet to be felt," the company said.