News

F&P Finance relying more on cheaper bank loans

Tuesday 14th of September 2010

Average reinvestment rates rose to around 71% during the period April-July 2010 from around 65% average in the full year period to March 2010. The company was accepted into the extended guarantee scheme on May 18.

The increase in debenture investment should help the company reduce its reliance on bank loans though the latter works as a much cheaper option for the finance company.

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