Plenti Group Ltd. (AU:PLT) has released an update.
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Plenti Group Ltd. has reported significant growth with a 21% increase in loan portfolio and 36% rise in Cash NPAT, highlighting their successful strategic partnership with NAB and expansion in the automotive financing sector. Despite industry challenges such as higher funding costs and increased credit losses, Plenti has strengthened its market position through technology-driven lending services and diversified funding, culminating in over $2.5 billion in asset-backed securities transactions. The company’s Chairman expressed confidence in continuing to leverage their technological edge and partnership with NAB to disrupt and innovate in the lending market.
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