Credit lender on track in 2019
The Leeds-based firm said European home credit saw growth of 6 per cent, driven by a strong operational performance.
However, home credit in Mexico fell 12 per cent due to the prioritisation of credit quality over growth.
Advertisement
Hide AdAdvertisement
Hide AdIPF Digital delivered growth of 3 per cent and is on track to deliver a maiden profit in 2019.
The group said it is in a strong funding position with £197m of headroom on debt facilities.
IPF's chief executive Gerard Ryan said the group expects the European home credit business will continue to deliver a strong operational performance.
"We continue to focus on delivering an improved operational performance in Mexico alongside greater execution consistency to deliver progressive improvements in profitability and create the platform to recommence growth," he added.