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  <title>RSS - International Personal Finance</title>
  <link>http://www.ipfin.co.uk/rss/news-releases.aspx</link>
  <language>en</language>
<webMaster>Investis</webMaster>
<item>
<title><![CDATA[International Personal Finance plc Q1 Interim Management Statement]]></title>
<description><![CDATA[International Personal Finance Q1 Interim Management Statement is now available to download.

Q1 Interim Management Statement 2012]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2012/18-04-2012.aspx</link>
<pubDate>Wed, 18 Apr 2012 08:19:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:30 GMT</publishDate>
<guid>{F8FDA52D-8803-4ABF-AC6A-75BC58E428B1}</guid>
</item>
<item>
<title><![CDATA[IPF Annual Report and Financial Statements 2011 is published]]></title>
<description><![CDATA[		
      The IPF Annual Report and Financial Statements 2011 is now available to view and download, providing information to shareholders and informing wider stakeholders who seek to understand our business better. The report contains non-financial and financial performance information. It details our strategy and some of the work we’re undertaking to deliver our objectives sustainably including stakeholder engagement, branch-based credit strategies, financial education and balanced scorecard. The ‘Group at a glance’ section gives a useful overview of our sustainable business model and why it works; our investment proposition and details of our operations and performance.
    In addition to the annual report, the new sustainability section of the website outlines in more detail how IPF believes that corporate sustainability creates shared value for customers, investors and the wider social and economic environment in which we operate. We report on activities annually. Here you can find a wealth of information on our approach to this including examples of how we work responsibly with customers.
    View the Annual Report and Financial Statements 2011
    Visit the sustainability section
    If you have any queries please do not hesitate to contact a member of the team.Nick Jones - Communications enquiries@ipfin.co.ukTamsin Fraser - Sustainability sustainability@ipfin.co.uk
    Rachel Moran - Investor Relationsinvestors@ipfin.co.uk]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2012/27-03-2012a.aspx</link>
<pubDate>Tue, 27 Mar 2012 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:29 GMT</publishDate>
<guid>{B8C1969F-B194-41FA-9658-2BED6663B742}</guid>
</item>
<item>
<title><![CDATA[Full year results announcement and statement of dividends. Year ended 31 December 2011]]></title>
<description><![CDATA[
		International Personal Finance today announces the Full year results and statement of dividends. Year ended 31 December 2011.
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2012/29-02-2012.aspx</link>
<pubDate>Wed, 29 Feb 2012 15:33:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:29 GMT</publishDate>
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</item>
<item>
<title><![CDATA[Board Changes]]></title>
<description><![CDATA[
		International Personal Finance plc (&ldquo;the Company&rdquo;) has today, with immediate effect, appointed Gerard Ryan to its Board as Chief Executive Officer (Designate). He will also be a member of the Executive Committee.  Following completion of a planned hand-over period, Gerard will become Chief Executive Officer at the beginning of April when John Harnett, the current CEO, leaves the Company to pursue personal interests.
Gerard Ryan, aged 47, has over 20 years experience in the financial services sector and latterly spent four years with Citigroup where he was Chief Executive Officer for Citi&rsquo;s consumer finance businesses in the Western Europe, Middle East and Africa region. He was a director of Citi International plc, Egg plc and Morgan Stanley Smith Barney UK.
Earlier in his career Gerard was Chief Financial Officer of Garanti Bank, Turkey and Chief Executive Officer of GE Money Bank, Prague. He is a Fellow of the Institute of Chartered Accountants in Ireland.
Commenting on the news, Christopher Rodrigues, Chairman of the Company, said &ldquo;We are delighted to welcome Gerard to the Board. His multi-country experience in consumer financial services makes him ideally suited to become John Harnett&rsquo;s successor and will provide the Company with excellent continuity of leadership. This appointment is the culmination of a thorough search and selection process. I am delighted with the outcome and I am sure that IPF will prosper under Gerard&rsquo;s leadership. 
We are most grateful to John for his work establishing IPF as an independent listed public company and significantly increasing the Group&rsquo;s profits through the turbulent years of the financial crisis. This contribution is further evidenced by our 2011 performance following the key December trading period in which sales were up by 6.5% and collections were strong. &rdquo;
John Harnett commented: &ldquo;I am proud to have worked alongside and led a great team at IPF through the exciting period of demerger and transition to a public listed company. And we can all be proud of the success we have achieved together over the past six years.&rdquo;
As previously announced, the preliminary announcement of the Company&rsquo;s full year results for 2011 will be published on Wednesday 29 February 2012. 
Note
There is no other information required to be disclosed pursuant to Listing Rule 9.6.13. 
For further information contact:

  
    Finsbury:
    &nbsp;
  
  
    James Leviton
    +44 (0) 207 251 3801
  
  
    &nbsp;
    &nbsp;
  
  
    International Personal Finance plc:
    &nbsp;
  
  
    Rachel Moran (Investor Relations) 
    +44 (0) 113 285 6798
  
  
    John Mitra (Media) 
    +44 (0) 113 285 6784
  
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2012/17-01-2012.aspx</link>
<pubDate>Tue, 17 Jan 2012 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:30 GMT</publishDate>
<guid>{D08B533E-C86B-4DC6-9D3C-57CDB7127AA4}</guid>
</item>
<item>
<title><![CDATA[Exchange rate hedging]]></title>
<description><![CDATA[
		In our Trading Update issued on 15 December 2011, we said that Sterling had appreciated materially against the local currencies of the countries in which we operate during the course of 2011. In accordance with our published policy, we have now put in place foreign currency contracts to hedge the majority (70%) of our expected 2012 overseas profits. We estimate that the effective average exchange rate likely to be achieved for the full year is around 17% adverse to that achieved in 2011.
    The hedged rates achieved are set out in the table below.



 
2012 hedged exchange rate

Poland
5.50

Czech Republic
31.00

Slovakia
1.20

Hungary
397.14

Mexico 
21.96

Romania
5.36  For further information contact:



Finsbury:
 

James Leviton
+44 (0) 207 251 3801

 
 

International Personal Finance plc:
 

Rachel Moran (Investor Relations) 
+44 (0) 113 285 6798

John Mitra (Media) 
+44 (0) 113 285 6784]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2012/05-01-2012.aspx</link>
<pubDate>Thu, 05 Jan 2012 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:32 GMT</publishDate>
<guid>{62B6D813-2735-4329-BE0E-DF7C3AC6B920}</guid>
</item>
<item>
<title><![CDATA[Pre close trading update 15 December 2011]]></title>
<description><![CDATA[
		
      Trading
    
    With three important weeks of trading to complete before the year end, we remain on track to deliver a good result for 2011. Despite reduced consumer confidence our credit issued has continued to grow, up by 4% for the quarter to date. In addition, by carefully balancing growth with a prudent policy on credit, we have maintained good credit quality. 
    The current state of the global economy continues to make the outlook for 2012 unusually uncertain. In addition, there has been significant volatility in foreign exchange markets in 2011 and more recently a weakening of our trading currencies against Sterling. Overall, we estimate that compared to the effective rates used to translate overseas profits in 2011, current FX rates would negatively impact reported profit by 14%. As usual we will review our profit and loss account hedging for 2012 in January of next year. 
    Our business is in good shape, with a resilient operating model and a robust balance sheet, and so is well positioned to deal with these challenges.
    
      Effective tax rate
    
    In 2010 the Hungarian government reduced the rate of corporation tax from 19% to 10% with effect from 2013. This resulted in a one-off increase in the Group’s effective tax rate for 2010 due to the reduction in value of a deferred tax asset. The Hungarian government has recently repealed this reduction in the corporation tax rate so that it will now remain at 19%. As a result we expect a one-off reduction in the Group’s effective tax rate in 2011 of around 4% to 24%. The effective rate is expected to revert to around 28% in 2012.
    The preliminary announcement of our full year results for 2011 will be published on Wednesday 29 February 2012.
    
      For further information contact:
    



Finsbury:
 

James Leviton
+44 (0) 207 251 3801

 
 

International Personal Finance plc:
 

Rachel Moran (Investor Relations) 
+44 (0) 113 285 6798

John Mitra (Media) 
+44 (0) 113 285 6784Appendix – Estimated effective FX rates for 2011 (including hedging)



 
2011 effective FX rate

Poland
4.66

Czech Republic
28.91

Slovakia
1.16

Hungary
314.11

Mexico
19.63

Romania
4.97Pre close trading update is now available to download.Pre close trading update ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/15-12-2011.aspx</link>
<pubDate>Thu, 15 Dec 2011 11:32:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:36 GMT</publishDate>
<guid>{89676FD7-6443-46D0-B919-D9DF49206450}</guid>
</item>
<item>
<title><![CDATA[Further update on proposed Hungarian legislation]]></title>
<description><![CDATA[
		We announced on 4 November 2011 that the Hungarian government had published draft legislation to set a maximum APR for unsecured customer loans at 24% above the Hungarian base rate, which is currently 6%. This 30% cap compares to the current situation where customers are limited to one loan of more than 65% from any individual lender per calendar year.
    The draft legislation has now been approved by the Hungarian parliament and is scheduled to become effective for loans issued on or after 1 January 2012.
    We will amend our product pricing and structure to meet the requirements of this legislation and, whilst we cannot be certain as to the impact this may have on the future performance of our business, based on our experience of similar changes we have made in the past we do not expect a material impact on the prospects of our Hungarian business.
    For further information contact:
    Finsbury
    James Leviton                    +44 (0)207 251 3801
    John Mitra (Media)            +44 (0)113 285 6784
     ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/further-update-on-proposed-hungarian-legislation.aspx</link>
<pubDate>Wed, 09 Nov 2011 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:36 GMT</publishDate>
<guid>{C7E6526E-E0E3-4695-AC27-2894ED4CA0DE}</guid>
</item>
<item>
<title><![CDATA[Update on proposed Hungarian legislation]]></title>
<description><![CDATA[
		We announced on 12 September 2011 that Prime Minister Orban had suggested that the Hungarian government might propose legislation to limit the APR on consumer loans to no more than 30%. Draft legislation has now been published which would set a maximum APR for unsecured consumer loans at 24% above the Hungarian base rate, which is currently 6%.
The draft legislation will in due course be debated, and potentially modified, by the Hungarian Parliament and is scheduled to become effective for loans issued on or after 1 January 2012.
The impact on our Hungarian business will not be clear until the legislation is finalised and we will make a further announcement at that time.
For further information contact:
FinsburyJames Leviton +44 (0)20 7251 3801
John Mitra (Media) +44 (0)113 285 6784]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/update-on-proposed-hungarian-legislation.aspx</link>
<pubDate>Fri, 04 Nov 2011 00:00:00 GMT</pubDate>
<publishDate>Sun, 18 Mar 2012 12:35:34 GMT</publishDate>
<guid>{975A53AE-6593-417C-8A87-A2A4B985D860}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance plc Q3 Interim Management Statement]]></title>
<description><![CDATA[
		International Personal Finance plc Q3 Interim Management Statement is now available to download.
    
      International Personal Finance plc Q3 Interim Management Statement
    ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/25-10-2011.aspx</link>
<pubDate>Tue, 25 Oct 2011 07:20:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:38 GMT</publishDate>
<guid>{CB9DC3C7-B789-4F9E-8F7E-AAE1462CBF66}</guid>
</item>
<item>
<title><![CDATA[Shareholder warning — boiler room scams]]></title>
<description><![CDATA[
		
      Important Shareholder News
    
We have been alerted by some of our shareholders to cold calls which they have recently received. The callers purport to represent various entities, including Drexel-Bearns, a US based firm. We believe these are boiler room scams.
These types of calls are typically from overseas based &lsquo;brokers&rsquo; who target UK shareholders. These operations are commonly known as &lsquo;boiler rooms&rsquo;. These &lsquo;brokers&rsquo; can be very persistent and extremely persuasive. Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. If you receive any unsolicited investment advice:

 Make sure you get the correct name of the person and organisation
 Check that they are properly authorised by the FSA before getting involved by visiting www.fsa.gov.uk/register/ and contacting the firm using the details on the register
 Report the matter to the FSA either by calling 0845 606 1234 or visiting www.fsa.gov.uk/pages/consumerinformation
 If the calls persist, hang up.

In the event that you receive such a call we strongly recommend that you consult your stockbroker, bank manager, solicitor, accountant or other professional adviser authorised under the Financial Services and Markets Act 2000 as soon as possible. Please report such activity to the Financial Services Authority by visiting their website and using the online unauthorised firms reporting form.
For further guidance please read the FSA guidance on boiler room scams.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/03-10-2011.aspx</link>
<pubDate>Mon, 03 Oct 2011 16:32:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:37 GMT</publishDate>
<guid>{6FD96F64-8444-4B2D-A281-70B5576C7038}</guid>
</item>
<item>
<title><![CDATA[Proposed lowering of the Hungarian rate cap to 30% APR]]></title>
<description><![CDATA[
		Earlier today, in a speech to the Hungarian parliament, Prime Minister Orban suggested that his government may propose legislation to limit the APR on consumer loans to no more than 30%. We are seeking clarification of the intentions of the Hungarian government.

At this stage, it is not possible to estimate the impact, if any, enactment of this proposal might have on IPF’s Hungarian business. 

IPF’s Hungarian business, in 2010 reported pretax profit of £9.1 million. Its loans have a typical APR of 65%. 

We will continue to review the position and a further announcement will be made as appropriate.

For further information contact: 

Finsbury
James Leviton
+44 (0) 20 7251 3801

Victoria Richmond (Media)
+44 (0) 113 285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/12-09-2011.aspx</link>
<pubDate>Mon, 12 Sep 2011 15:43:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:37 GMT</publishDate>
<guid>{1B9D28ED-552E-480C-B1FB-150F875763F4}</guid>
</item>
<item>
<title><![CDATA[Half-yearly financial report for the six months ended 30 June 2011]]></title>
<description><![CDATA[
		
      International Personal Finance plc half-yearly financial report for the six months ended 30 June 2011 published 
    Today, Wednesday 20 July the business released its half-yearly financial report for the months ended 30 June. The full report, interim presentation and webcast will be available on the results centre throughout the day.
    For further information contact:
    
      Finsbury
    
    Charles WatenphulAnjali Unnikrishnan+44 (0) 20 7251 3801
    
      International Personal Finance plc
    
    Rachel Brown (Investor Relations)+44 (0) 113 285 6798
    Victoria Richmond (Media)+44 (0) 113 285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/20-07-2011.aspx</link>
<pubDate>Wed, 20 Jul 2011 08:04:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:33 GMT</publishDate>
<guid>{4802BE69-0257-4015-9FAC-BDAC9C618202}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance plc ("IPF") Update on trading]]></title>
<description><![CDATA[
		At today's Annual General Meeting, the Chairman of IPF, Christopher Rodrigues, will make the following statement: 
    "Further to our Quarter 1 Interim Management Statement issued on 19 April 2011, IPF continues to perform well and in line with our expectations. During the important Easter trading period we have delivered a strong sales performance with growth in credit issued increased from 9% for the first quarter of 2011 to almost 13% for the four months to the end of April, including a much improved performance in Mexico. Alongside this strong sales performance credit quality and impairment remain good. The Group remains confident of further good progress in 2011."
    The interim results for IPF will be published on Wednesday 20 July 2011. 
    For further information contact:
    Finsbury
    Charles WatenphulAnjali Unnikrishnan+44 (0) 20 7251 3801
    International Personal Finance plc
    Rachel Brown (Investor Relations)+44 (0) 113 285 6798Victoria Richmond (Media)+44 (0) 113 285 6873
    AGM Downloads
    
      Notice of the Annual General Meeting and Explanatory Circular to Shareholders is available here. 
    
      International Personal Finance plc ("IPF") Update on trading is available here as a PDF ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/11-05-2011.aspx</link>
<pubDate>Wed, 11 May 2011 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:33 GMT</publishDate>
<guid>{8903A239-147D-4FD7-8799-BF51FFEB4E41}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance plc Q1 Interim Management Statement]]></title>
<description><![CDATA[
		International Personal Finance Q1 Interim Management Statement is now available to download.
    
      Q1 Interim Management Statement 2011
    ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/19-04-2011.aspx</link>
<pubDate>Tue, 19 Apr 2011 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:32 GMT</publishDate>
<guid>{00D2AB82-8BDA-4C13-B736-34859D236C61}</guid>
</item>
<item>
<title><![CDATA[Notice of Annual General Meeting and Explanatory Circular to Shareholders]]></title>
<description><![CDATA[
		IPF's Annual General Meeting ('AGM') is to be held at 10.30am on 11 May 2011 at Number Three, Leeds City office Park, Meadow Lane, Leeds, LS11 5BD.
    The notice is set out on pages 2-6 of the circular which is available to download here.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/25-03-2011a.aspx</link>
<pubDate>Fri, 25 Mar 2011 14:01:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:34 GMT</publishDate>
<guid>{F181619A-6D58-4A2B-BEA7-1B1D9638E82D}</guid>
</item>
<item>
<title><![CDATA[IPF Annual Report and Financial Statements 2010, published]]></title>
<description><![CDATA[
		The 2010 Annual Report is now available to view and download, providing information to shareholders and informing wider stakeholders who seek to understand our business better. The report includes a broad range of information about the social and environmental context within which we do business - and so we will not produce a standalone hard copy corporate responsibility report. 
    In place of a standalone corporate responsibility report, the CR section of the IPF website now represents all of IPF's CR activities. Further information on our CR programme can be obtained from IPF's CR team.
    
      View the Annual Report here 
    
      Visit our Corporate Responsibility section here 
    If you have any queries please do not hesitate to contact a member of the team.Victoria Richmond - Communications media@ipfin.co.ukTamsin Fraser - Corporate Responsibilitycorporate.responsibility@ipfin.co.uk
    Rachel Brown- Investor Relationsinvestors@ipfin.co.uk]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/25-03-2011.aspx</link>
<pubDate>Fri, 25 Mar 2011 09:44:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:35 GMT</publishDate>
<guid>{493C2825-3ACD-4577-AE34-39F39F620C7B}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance plc annual results announcement and statement of dividends for the year ended December 2010]]></title>
<description><![CDATA[
		Today International Personal Finance announces its annual results for the year ended 31 December 2010. 
    
      International Personal Finance plc Annual results announcement and statement of dividends for the year ended 31 December 2010 ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2011/02-03-2011.aspx</link>
<pubDate>Wed, 02 Mar 2011 09:47:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:34 GMT</publishDate>
<guid>{0FAA6CD2-0DC3-4327-B7C8-B2CB95E2A755}</guid>
</item>
<item>
<title><![CDATA[Pre-close update]]></title>
<description><![CDATA[
		International Personal Finance plc ("IPF")
Pre-close update
    Trading
      Quarter 4 trading to date has been good with the group reporting strong year on year growth in customers, credit issued and receivables. At the same time, collections performance remains strong, impairment has continued to improve and costs remain well controlled.  
    With three significant weeks of trading to go before the year end, IPF is on track to report full year results in line with our expectations.
Effective tax rate
In Hungary the rate of corporation tax is to reduce from 19% to 10% with effect from 2013. Whilst this is beneficial in the medium term it will result in a reduction of £4 - 5 million in the group's deferred tax asset. As a result, we expect this one-off charge to increase the group's effective tax rate for 2010 to around 33% but that the effective rate will revert to around 28% in 2011.

The preliminary announcement of our full year results for 2010 will be published on Wednesday 2 March 2011.


For further information contact:
Finsbury
+44 (0) 207 251 3801
James Leviton
Charles Watenphul

International Personal Finance plc
Helen Spivey (Investor Relations)
+44 (0) 113 285 6876
Victoria Richmond (Media) +44 (0) 113 285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/13-12-2010.aspx</link>
<pubDate>Mon, 13 Dec 2010 09:49:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:43 GMT</publishDate>
<guid>{A681EFED-52FA-4DD8-B633-866BAFAFCA7A}</guid>
</item>
<item>
<title><![CDATA[Three year committed bank facilities]]></title>
<description><![CDATA[
		As part of the Group's strategy to diversify its sources of funding and extend its debt maturity profile, IPF today announces that it has secured £200 million of 3 year committed bank facilities maturing in 2013.
    
      click here to view the full announcement.
    For further information contact:
    
      International Personal Finance plc 
    
    Helen Spivey (Investor Relations) +44 (0) 113 285 6876Victoria Richmond (Media) +44 (0) 113 285 6873
    Finsbury +44 (0) 207 251 3801
    James LevitonCharles Watenphul]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/18-11-2010.aspx</link>
<pubDate>Thu, 18 Nov 2010 10:11:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:43 GMT</publishDate>
<guid>{822D57D9-F718-4ECD-927B-C0D329B352C1}</guid>
</item>
<item>
<title><![CDATA[Analyst and Investor Briefing]]></title>
<description><![CDATA[
		International Personal Finance is today hosting a briefing for analysts and investors.  Presentations will be introduced by John Harnett, IPF's Chief Executive Officer, who will highlight the Group's strategic objectives.  David Broadbent, Finance Director, will outline the Group's financial position and Fred Forfar, Development Director, will outline the Group's operations strategy. This will be followed by a session with the respective country teams of the Polish, Hungarian, Czech Republic / Slovakian, Mexican and Romanian markets in which IPF operates. No new information relating to current trading will be provided.  A copy of each presentation can be viewed here.
    For further information contact: International Personal Finance plc  Helen Spivey Investor relations +44 (0)113 285 6876Victoria RichmondMedia+44 (0)113285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/21-10-2010.aspx</link>
<pubDate>Thu, 21 Oct 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:42 GMT</publishDate>
<guid>{78970267-38E2-49A5-A533-839228785377}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance Q3 Interim Management Statement]]></title>
<description><![CDATA[
		International Personal Finance Q3 Interim Management Statement is available here. 
International Personal Finance Q3 Interim Management Statement]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/19-10-2010.aspx</link>
<pubDate>Tue, 19 Oct 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:42 GMT</publishDate>
<guid>{10A75978-DB69-4A9E-8A43-23946AD6EE03}</guid>
</item>
<item>
<title><![CDATA[Polish bonds issued on Catalyst]]></title>
<description><![CDATA[
		International Personal Finance's Polish operation issues 200m zł worth of bonds on the Catalyst platform
    International Personal Finance plc's Polish operation, Provident Polska, today announces that it has issued Polish zloty 200m (£42.9m) bonds maturing 30 June 2015. The bonds are priced at 6 month WIBOR, plus a margin of 750 basis points, and today have been listed on the Polish Catalyst Platform. Poland, where IPF has been trading as Provident Polska since 1997, is the Group's largest and most profitable market. The funds will be used by Provident Polska to further develop its business. At an event held this morning in the Warsaw Stock Exchange to announce the formal listing of the bond David Parkinson, President of Provident Polska commented: "I am delighted with this issue of bonds in the Polish market, which will support Provident Polska's future growth ambitions and will help strengthen our position in the small-sum credit market. In the past 10 years we have served over 3 million customers in Poland and now employ 2,300 staff and 8,700 representatives across the country. We worked really hard to serve our customers and this issue will help us to grow and continuously improve our business here in Poland."
    Contacts:
    Victoria Richmond, Media: +44 (0)113 285 6700]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/07-10-2010.aspx</link>
<pubDate>Thu, 07 Oct 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:44 GMT</publishDate>
<guid>{02A19D3A-6DD8-4BEF-AA3A-1C224EEC86D1}</guid>
</item>
<item>
<title><![CDATA[Polish bond issue]]></title>
<description><![CDATA[
		IPF today announces that, as part of the Group's strategy to diversify its sources of funding and extend its debt maturity profile, Polish zloty 200 million (£42.9 million) Polish bonds maturing 30 June 2015 have been priced. The coupon is a floating rate of 6 month WIBOR (the relevant Polish bank reference rate) plus a margin of 750 basis points. The bonds will be listed on the alternative trading system arranged by  BondSpot S.A. in Warsaw (Catalyst bond platform).
The proceeds of the issue will be used to pay down a portion of bank borrowings.
The book-runner was Bank Polska Kasa Opieki S.A., a subsidiary of Unicredit Group.

Susan Tudor-CoulsonDeputy Company Secretary+44 (0) 113 285 6868    For further information contact:John Mitra (Media)+44 (0) 113 285 6784]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/24-09-2010.aspx</link>
<pubDate>Fri, 24 Sep 2010 00:00:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:45 GMT</publishDate>
<guid>{961A1F94-3263-4666-853A-00334231A06C}</guid>
</item>
<item>
<title><![CDATA[Bond Issue: Publication of final terms]]></title>
<description><![CDATA[The final terms dated 3 August 2010 relating to the issue by IPF on 6 August 2010 of €225,000,000 11.50 per cent bonds due 2015 (the "Notes") have been submitted to the UK Listing Authority and are available for viewing. The Notes are to be issued under IPF's €1,000,000,000 euro medium*term note programme (the "Programme") established on 19 April 2010. Application has been made for the Notes to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange with effect from 6 August 2010. To view the final terms, please click here. The final terms of the Notes must be read in conjunction with the prospectus dated 19 April 2010 (and supplement thereto dated 23 July 2010) issued in connection with the Programme and which constitutes a base prospectus for the purposes of Article 5.4 of Directive 2003/71/EC. For further information contact: International Personal Finance plc Susan Tudor-Coulson (Deputy Company Secretary) +44 (0) 113 285 6868Helen Spivey (Investor Relations) +44 (0) 113 285 6876Victoria Richmond (Media) +44 (0) 113 285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/03-08-2010.aspx</link>
<pubDate>Tue, 03 Aug 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:46 GMT</publishDate>
<guid>{335BE824-57C4-4254-856C-F09A72F58B2C}</guid>
</item>
<item>
<title><![CDATA[Bond Issue]]></title>
<description><![CDATA[
		IPF today announces that, as part of its strategy to diversify its sources of funding and extend its debt maturity profile, it has priced €225 million 5 year bonds (the "Notes") at a fixed coupon of 11.5%. The Notes are to be issued under its euro medium-term note programme (the "Programme") established on 19 April 2010. IPF has a long-term credit rating of  BB+ from Fitch Ratings and the Notes are expected to be rated BB+ by Fitch. 
    The proceeds of the issue will be used to pay down a portion of existing bank borrowings. As a result of this transaction Group interest costs are expected to increase from just over 5% of revenue to approximately 7.5% for 2011. Interest rate swaps relating to these bank borrowings will be closed out, which will result in a one-off cost of £6m which will be treated as an exceptional item in the reporting of the Group results. 
    The book-runners were Citigroup Global Markets Limited and HSBC Bank plc. 
    Commenting, David Broadbent, Group Finance Director, said:
    "We are delighted to announce our inaugural public bond issue. Its success reflects our strong financial position and good trading performance. IPF has excellent opportunities for sustained, profitable growth and this transaction is important because it strengthens our overall funding structure by diversifying and extending the maturity of our debt and provides finance for growth in new and existing markets".
    Rosamond J Marshall SmithGeneral Counsel & Company Secretary+44 (0) 113 285 6842
    For further information contact:
    International Personal Finance plc Helen Spivey (Investor Relations)+44 (0) 113 285 6876
    Victoria Richmond (Media)+44 (0) 113 285 6873
    Finsbury
    James LevitonCharles Watenphul+44 (0) 207 251 3801]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/30-07-2010.aspx</link>
<pubDate>Fri, 30 Jul 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:44 GMT</publishDate>
<guid>{DEDDE6B3-6D7A-40D2-AE97-7C1B913AB4AE}</guid>
</item>
<item>
<title><![CDATA[Interim management report for the six months ended 30 June 2010]]></title>
<description><![CDATA[
		
      The Interim management report for the six months ended 30 June 2010 is available to view here. 
    Our key performance statistics are available in Excel spreadsheet format for you to download. 
    Visit our Results, publications and presentations section to download the PDF and to view the presentation slides and webcast. ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/22-07-2010.aspx</link>
<pubDate>Thu, 22 Jul 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:45 GMT</publishDate>
<guid>{3A0A5FB9-0FC0-4D01-9268-466F481E7BB5}</guid>
</item>
<item>
<title><![CDATA[Pre-Close Trading Update]]></title>
<description><![CDATA[
		IPF is continuing to make good progress. Credit issued is growing steadily and credit quality in all markets is good. As expected, second quarter performance is benefiting from the reversal of impairment charges taken during the weather-affected first quarter of the year and as a result trading in April, May, and for the year to date, has been ahead of plan. 
    There are two full weeks to complete before the half-year but trading in the first 3 weeks of June was in line with our 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's half-yearly financial report will be published on Thursday, 22 July 2010 and will be accompanied by an analyst briefing.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/23-06-2010.aspx</link>
<pubDate>Wed, 23 Jun 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:42 GMT</publishDate>
<guid>{6892F7E9-7B6A-47E4-AD79-16995626FDAD}</guid>
</item>
<item>
<title><![CDATA[Annual General Meeting 2010]]></title>
<description><![CDATA[
		The 2010 International Personal Finance plc Annual General Meeting ("AGM") was held at 10.30am on Wednesday 12 May 2010 at International Personal Finance, Number Three Leeds City Office Park, Meadow Lane, Leeds LS11 5BD. 
    For details of the proxy votes cast in respect to each resolution, please click here]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/12-05-2010c.aspx</link>
<pubDate>Wed, 12 May 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:38 GMT</publishDate>
<guid>{E12A6CC0-343A-4B5F-8058-94AB8EB9A901}</guid>
</item>
<item>
<title><![CDATA[Confirmation of board changes]]></title>
<description><![CDATA[
		Further to the announcement made on 3 March 2010, IPF confirms that at the Company's annual general meeting held earlier today John Lorimer was elected as a non-executive director of the Company and Ray Miles retired as a non-executive director of the Company. Tony Hales has replaced Ray Miles as the senior independent director.  
    Rosamond J Marshall SmithGeneral Counsel & Company Secretary Tel: 0113 285 6842 ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/12-05-2010a.aspx</link>
<pubDate>Wed, 12 May 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:39 GMT</publishDate>
<guid>{C9AADDB6-1186-40B3-9413-9D08A245D929}</guid>
</item>
<item>
<title><![CDATA[AGM: Update on trading and funding]]></title>
<description><![CDATA[
		At today's Annual General Meeting, the Chairman of IPF, Christopher Rodrigues, will make the following statement:
    "IPF continues to make good progress. In Poland and, more broadly, in Central Europe we are benefiting from an improving collections performance and reduced levels of impairment as the impact of the adverse weather conditions in January and February begins to reverse. Trading in April was ahead of plan.
    We have sufficient committed bank facilities to fund the development of our business through until October 2011 and we plan during 2010 to extend the maturity of our debt funding and diversify its sources. As a first step towards this, in recent weeks we have established our Euro Medium Term Notes Programme and published our credit rating from Fitch. Together these provide us with the potential to access the public debt markets."
    The interim results for IPF will be published on Thursday 22 July 2010 and will be accompanied by an analyst briefing.
    If you have any queries please do not hesitate to contact a member of the team.Helen Spivey - Investor Relations investors@ipfin.co.ukVictoria Richmond - Communications media@ipfin.co.uk]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/12-05-2010.aspx</link>
<pubDate>Wed, 12 May 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:39 GMT</publishDate>
<guid>{2BCADA52-4F58-4C90-8715-D3DC8EDD414C}</guid>
</item>
<item>
<title><![CDATA[Announcement of EMTN programme and issue of prospectus]]></title>
<description><![CDATA[		IPF announces that, as part of its strategy to diversify its sources of funding and extend its debt maturity profile, it has today established a €1,000,000,000 euro medium-term note programme ("the Programme") for the issuance by IPF of senior unsecured notes. The programme has been arranged by Citigroup Global Markets Limited, and has been rated BB+ by Fitch.IPF has engaged Citi and HSBC to advise it on potential future issuance under the Programme.The base prospectus dated 19 April 2010, which has been issued by IPF in connection with the Programme, has been approved by the UK Listing Authority and is available for viewing ("the Prospectus").
    To view the Prospectus, click here.Other documents incorporated by reference can be found below:Annual Report and Financial Statements 2008Annual Report and Financial Statements 2009Interim Management Statement Q1 2010Email: investors@ipfin.co.uk]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/19-04-2010.aspx</link>
<pubDate>Mon, 19 Apr 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:38 GMT</publishDate>
<guid>{E4649005-BAA3-491A-83FC-070F8742AF88}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance Q1 Interim Management Statement]]></title>
<description><![CDATA[
		International Personal Finance Q1 Interim Management Statement

    International Personal Finance Q1 Interim Management Statement is available here.
    
      International Personal Finance Q1 Interim Management Statement
    ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/14-04-2010.aspx</link>
<pubDate>Wed, 14 Apr 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:39 GMT</publishDate>
<guid>{4D87F69F-C5C2-4345-A921-4F4BD31BFA2F}</guid>
</item>
<item>
<title><![CDATA[Long-term credit rating]]></title>
<description><![CDATA[
		As part of the strategy to diversify sources of funding, the Company has obtained a long-term credit rating of BB+ from Fitch.
      Rosamond J Marshall SmithGeneral Counsel & Company Secretary 
      Email: investors@ipfin.co.uk]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/31-03-2010.aspx</link>
<pubDate>Wed, 31 Mar 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:41 GMT</publishDate>
<guid>{F7A0F318-4A33-4FD1-B0C4-4FE5CFF0C6C2}</guid>
</item>
<item>
<title><![CDATA[Annual Report & Financial Statements 2009, published]]></title>
<description><![CDATA[
		The 2009 Annual Report is now available to view and download, providing information to shareholders and informing wider stakeholders who seek to understand our business better. It is distinct to previous publications, including a broader range of information about the social and environmental context within which we do business than in previous years - and so we will not produce a standalone hard copy corporate responsibility report. 
    We have integrated more material non-financial data and we hope this gives a fuller picture of the Group's current performance and future potential. We believe our corporate responsibility obligations underpin our vision, values and business principles. They are an integral part of how we do business and we have reflected this, for the first time, by securing external assurance on some of our customer-related key non-financial performance indicators. We have done this as we believe customer treatment to be material to the business.
    In place of a standalone corporate responsibility report, the CR section of the IPF website now represents all of IPF's CR activities and has been re-launched today with a fresher and up to date content and design. Further information on our CR programme can be obtained from IPF's Corporate Responsibility team.
    To view the Annual Report please click here.
    To view our Corporate Responsibility programme please click here. 
    If you have any queries please do not hesitate to contact a member of the team.Victoria Richmond - Communications media@ipfin.co.uk Niki Simpson - Corporate Responsibility corporate.responsibility@ipfin.co.uk
    Helen Spivey - Investor Relations investors@ipfin.co.uk]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/17-03-2010.aspx</link>
<pubDate>Wed, 17 Mar 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:41 GMT</publishDate>
<guid>{9BBE3A2A-E03B-4026-AD01-AE0F8E799BBE}</guid>
</item>
<item>
<title><![CDATA[Preliminary announcement of the final results and statement of dividends - year ended 31 December 2009]]></title>
<description><![CDATA[
		International Personal Finance today announces the Preliminary announcement of the final results and statement of dividends - year ended 31 December 2009. To view the webcast and presentation please click here.
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/03-03-2010.aspx</link>
<pubDate>Wed, 03 Mar 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:40 GMT</publishDate>
<guid>{C5C50A53-9F65-49B8-B6B6-C9755384DB78}</guid>
</item>
<item>
<title><![CDATA[Exchange rate hedging ]]></title>
<description><![CDATA[
		Please click here to view this latest announcement.
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2010/19-01-2010.aspx</link>
<pubDate>Tue, 19 Jan 2010 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:40 GMT</publishDate>
<guid>{B9141C15-BEDE-460A-A3D2-CCA022A01A21}</guid>
</item>
<item>
<title><![CDATA[Pre-close update]]></title>
<description><![CDATA[
		IPF continues to make good progress and with three significant weeks of trading to go before the year end including the key Christmas period, we expect that if present trends continue the Group's full year results will slightly exceed expectations.
    The preliminary announcement of our full year results for 2009 will be published on Wednesday 3 March 2010.
    For further information contact:
    Finsbury +44 (0) 207 251 3801James LevitonCharles Watenphul
    International Personal Finance plcHelen Spivey (Investor Relations) +44 (0) 113 285 6876Victoria Richmond (Media) +44 (0) 113 285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/15-12-2009.aspx</link>
<pubDate>Tue, 15 Dec 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:26 GMT</publishDate>
<guid>{C731C1D4-70AB-45AB-BA2B-51D339FF1B5A}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance Q3 Interim Management Statement ]]></title>
<description><![CDATA[
		International Personal Finance Q3 Interim Management Statement is available here.
    
      International Personal Finance Q3 IMS
    ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/12-10-2009.aspx</link>
<pubDate>Mon, 12 Oct 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:26 GMT</publishDate>
<guid>{0B3E685B-1DB4-47E7-BBB5-4898DC6A296F}</guid>
</item>
<item>
<title><![CDATA[Interim management report for the six months ended 30 June 2009]]></title>
<description><![CDATA[
		The Interim management report for the six months ended 30 June 2009 is available to view here. 
    Our key performance statistics are available in Excel spreadsheet format for you to download. 
    Visit our Results, publications and presentations section to download the PDF and to view the presentation slides and webcast.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/23-07-2009.aspx</link>
<pubDate>Thu, 23 Jul 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:25 GMT</publishDate>
<guid>{C7BA2E41-669C-4ED5-88BB-065A8A68B40D}</guid>
</item>
<item>
<title><![CDATA[Trading update ]]></title>
<description><![CDATA[
		Since the publication of the Interim Management Statement on 8 May 2009, trading has been in line with management's expectations. The company's half-yearly financial report will be published on Thursday, 23 July 2009 and will be accompanied by an analyst briefing. 
    For further information contact: 
    International Personal Finance plc 
    Steve Jones - +44 (0)113 285 6846]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/26-06-2009.aspx</link>
<pubDate>Fri, 26 Jun 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:28 GMT</publishDate>
<guid>{F7F2F625-F92F-4CA4-BB18-D50BF2DD06AE}</guid>
</item>
<item>
<title><![CDATA[Annual General Meeting 2009]]></title>
<description><![CDATA[
		The 2009 International Personal Finance plc Annual General Meeting ("AGM") was held at 10.30am on Wednesday 13 May 2009 at International Personal Finance, Number Three Leeds City Office Park, Meadow Lane, Leeds LS11 5BD. 
    For details of the proxy votes cast in respect to each resolution, please click here.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/13-05-2009a.aspx</link>
<pubDate>Wed, 13 May 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:27 GMT</publishDate>
<guid>{E49F4194-D9CC-45A9-ABF6-57CA4CC83298}</guid>
</item>
<item>
<title><![CDATA[Appointment of Executive Director]]></title>
<description><![CDATA[
		
      
        Further to the announcement made on 23 March 2009, International Personal Finance plc confirms that Craig Shannon was elected as an executive director of the Company at the Company's annual general meeting held earlier today. 
      
    
    Rosamond J Marshall Smith
    General Counsel & Company Secretary
    Tel: 0113 285 6842]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/13-05-2009.aspx</link>
<pubDate>Wed, 13 May 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:28 GMT</publishDate>
<guid>{FAF95133-DC52-4AC0-8F1E-CD8D87FE63C9}</guid>
</item>
<item>
<title><![CDATA[Interim Management Statement]]></title>
<description><![CDATA[
		  This constitutes the Interim Management Statement of International Personal Finance plc ("IPF"), in accordance with the UK Listing Authority's Disclosure and Transparency Rules. The purpose of this Interim Management Statement, the full text of which is set out below, is to provide an update on the performance of IPF from the start of 2009 up to the date of publication, along with an update of its financial position. The statement is as follows: "All markets with the exception of Hungary are performing in line with expectations. Our developing markets in Mexico and Romania are progressing to plan and the outbreak of Swine Flu in Mexico has not affected performance. We remain on track for Mexico to report a profit for 2009 and for Romania to report a much reduced loss.Economic and trading conditions within Central Europe vary considerably. In Poland and Czech/Slovakia we experienced a sharp downturn in collections performance and a rise in impairment in January and February but in March and April collections performance was much improved and impairment levels were reduced. In most branch locations in these markets we are now able to relax the very tight credit criteria we imposed in October of last year and return to controlled growth in customer numbers and credit issued.Hungary has been hardest hit by the global recession. It is clear that many of our customers are facing real and substantial problems in making loan repayments and, as a result, our collections performance has been well below the expected level. Impairment charges have risen sharply and pre-tax profits for the first four months of 2009 were £8 million short of our budget. We think it likely that economic conditions will remain difficult throughout this year and consequently management remains focused on collections and improving credit quality. Nevertheless, we estimate the results for Hungary for 2009 will be £20 million to £30 million below our expectations. At this stage of the year and in the current environment it is very difficult to guide on the outlook for this year. In particular we cannot know whether or not the recent more positive trends we have seen will continue and so help to offset the underperformance we now believe is likely in Hungary. Whilst we believe that IPF will deliver good results considering the current difficult economic environment it is likely, as a result of the underperformance in Hungary, that the outcome for 2009 will be substantially less than our expectations.Our balance sheet remains strong and well funded. There have been no significant changes in the financial position of the Group since the publication of the Annual Report and Financial Statements for the year ended 31 December 2008, other than referred to above. We continue to expect that the group will comfortably meet all of its banking covenants. In summary, the extent and duration of the economic downturn in each of the markets in which we operate is becoming clearer. After a difficult start to the year conditions and the performance of our business are improving in all markets except Hungary. There conditions are very difficult. Our local team is performing well and we are working hard to help customers through difficult times and maintain good and profitable customer relationships. We have a resilient business model and are well funded. The Board remains confident that IPF is well placed to weather the downturn and to respond rapidly and grow when conditions improve." The interim results for IPF will be published on Thursday, 23 July 2009 and will be accompanied by an analyst briefing. For further information contact: Finsbury Vanessa Neill -          +44 (0)207 251 3801 International Personal Finance plc Victoria Richmond -   +44 (0)113 285 6873
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/08-05-2009.aspx</link>
<pubDate>Fri, 08 May 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:24 GMT</publishDate>
<guid>{D8ECCFFB-D0FA-477D-9BE8-C0163D3BA78E}</guid>
</item>
<item>
<title><![CDATA[Closure of Russian market pilot]]></title>
<description><![CDATA[
		The Board of International Personal Finance plc has decided to discontinue its pilot operation in Russia with immediate effect. 
    Since commencement of the pilot with the acquisition of a Russian Bank licence at the end of 2007, economic trends in Russia and the world economy have combined to indicate that our roll-out plans, and our path to profit in Russia, would inevitably be slower than originally planned. The Board has therefore concluded that it would not be the best use of the Group's resources to continue with the development of the Russian market. 
    At the end of March 2009, the Russian pilot comprised 875 customers, £0.2 million of net customer receivables and 71 employees. 
    Trading losses in 2009 are expected to amount to approximately £3.0 million. In addition pre-tax closure costs of £7.8 million are expected, comprising winding-up costs of £3.7 million and the write-off of goodwill, customer receivables and fixed assets of £4.1 million. There will also be a one-off tax charge of £2.0 million relating to the write-off of a deferred tax asset. 
    Our new market research programme continues as planned and, when the world economy returns to more settled conditions, we will seek to take advantage of opportunities to enter new markets in line with our strategy of geographic expansion. In the meantime our focus will be on realising the significant development opportunities in our established Central European businesses and our developing markets in Mexico and Romania. 
    Rosamond J Marshall SmithGeneral Counsel & Company Secretary 
    29 April 2009 
    Contacts for further information:
    Victoria Richmond - 0113 285 6873 - media
    Steve Jones - 0113 285 6846 - investor relations]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/29-04-2009.aspx</link>
<pubDate>Wed, 29 Apr 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:23 GMT</publishDate>
<guid>{FA36A5F0-9C83-466F-8A15-84CA800F46FC}</guid>
</item>
<item>
<title><![CDATA[Notice of Annual General Meeting 2009]]></title>
<description><![CDATA[
		The 2009 International Personal Finance plc Annual General Meeting ("AGM") will be held at 10.30am on Wednesday 13 May 2009 at International Personal Finance, Number Three Leeds City Office Park, Meadow Lane, Leeds LS11 5BD. 
    
      Notice of Annual General Meeting 2009
    ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/08-04-2009.aspx</link>
<pubDate>Wed, 08 Apr 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:22 GMT</publishDate>
<guid>{9ABF8142-1F00-4C18-8FF1-632A641C3B0E}</guid>
</item>
<item>
<title><![CDATA[2008 Corporate Responsibility Report]]></title>
<description><![CDATA[
		International Personal Finance ('IPF') has published its Corporate responsibility report, which can be viewed and downloaded at  http://www.ipfincrreport.co.uk/cr08/index.asp
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/06-04-2009a.aspx</link>
<pubDate>Mon, 06 Apr 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:25 GMT</publishDate>
<guid>{B6523059-EF63-40C3-9D1B-94AB83C30B3B}</guid>
</item>
<item>
<title><![CDATA[2008 Annual Report and Financial Statements]]></title>
<description><![CDATA[International Personal Finance ('IPF') has published its Annual Report and Financial Statements for 2008. You can view the full report or download selected sections here.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/06-04-2009.aspx</link>
<pubDate>Mon, 06 Apr 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:25 GMT</publishDate>
<guid>{67E1915A-4F55-4079-96CF-88C12518F1F0}</guid>
</item>
<item>
<title><![CDATA[Preliminary announcement of the final results and statement of dividends - year ended 31 December 2008]]></title>
<description><![CDATA[
		International Personal Finance today announces the Preliminary announcement of the final results and statement of dividends - year ended 31 December 2008.  ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2009/04-03-2009.aspx</link>
<pubDate>Wed, 04 Mar 2009 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:24 GMT</publishDate>
<guid>{30FF179D-0420-4364-BE76-EE7609C947C2}</guid>
</item>
<item>
<title><![CDATA[Pre close trading update 2008]]></title>
<description><![CDATA[The pre close trading update for International Personal Finance is now available.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/17-12-2008.aspx</link>
<pubDate>Wed, 17 Dec 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:17 GMT</publishDate>
<guid>{5ECDCAB1-4D79-42FB-87DB-BDFAF8491EF7}</guid>
</item>
<item>
<title><![CDATA[Interim Management Statement October 2008 ]]></title>
<description><![CDATA[
		Interim Management Statement October 2008
]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/22-10-2008.aspx</link>
<pubDate>Wed, 22 Oct 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:16 GMT</publishDate>
<guid>{B4A0808D-7A5A-4378-A69A-9D8828D442B7}</guid>
</item>
<item>
<title><![CDATA[Interim management report for the six months ended 30 June 2008]]></title>
<description><![CDATA[The Interim management report for the six months ended 30 June 2008 is available to view here.Our key performance statistics are available in Excel spreadsheet format for you to download. Visit our Results, publications and presentations section to download the PDF and to view the presentation slides and webcast.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/23-07-2008.aspx</link>
<pubDate>Wed, 23 Jul 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:17 GMT</publishDate>
<guid>{29989CDC-398C-4618-BFC3-666198F86B57}</guid>
</item>
<item>
<title><![CDATA[Analyst and Investor Central European briefing]]></title>
<description><![CDATA[
		
      International Personal Finance plc ("IPF" or "the Group") is a fast growing international business offering small sum loans to customers in six countries. 
    
    International Personal Finance is today hosting a visit for analysts and institutional investors. The event will focus on IPF's Central European operations. The day will be introduced by Christopher Rodrigues, IPF's Executive Chairman, who will highlight the Group's strategic objectives. This will be followed by a series of presentations from the respective country managers of the Polish, Hungarian and Czech Republic / Slovakian markets in which IPF operates. No new information relating to current trading will be provided. 
    For further information contact:
    International Personal Finance plc
    Helen Spivey Investor relations +44 (0)113 285 6876
    Victoria RichmondMedia+44 (0)113285 6873]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/19-06-2008.aspx</link>
<pubDate>Thu, 19 Jun 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:18 GMT</publishDate>
<guid>{543810E7-1360-482B-8FF7-AFF83D6C527E}</guid>
</item>
<item>
<title><![CDATA[IPF included in FTSE4Good Index]]></title>
<description><![CDATA[
		We are happy to report that following review as a stand alone company, International Personal Finance has been included in the FTSE4Good index. 
    The FTSE4Good measures the performance of companies that meet globally recognised corporate responsibility standards. Inclusion in this index is important as it is a reference point for investors looking to for socially responsible stocks. 
    "We are delighted to be included in the FTSE4Good Index" says John Mitra, director of marketing and communications, "Operating as a responsible company is at the heart of what we do. We believe proactively seeking to treat our employees, customers and communities well is key to the success of our business. 
    "Being a member of this highly regarded index sends a powerful message to investors and other stakeholders about our company's commitment to responsible business practice. Investors are increasingly concerned with the management of social, environmental and ethical risks and our inclusion in this index demonstrates we have good policies and systems in place."]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/06-06-2008.aspx</link>
<pubDate>Fri, 06 Jun 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:18 GMT</publishDate>
<guid>{3E70E243-3D8E-4753-A358-8FB9E92248AD}</guid>
</item>
<item>
<title><![CDATA[Interim Management Statement]]></title>
<description><![CDATA[International Personal Finance plcFurther re Interim Management StatementOn 14 May 2008, the Board of International Personal Finance plc ('IPF') issued an Interim Management Statement and, within that, noted that the Group was benefiting from favourable exchange rates. The purpose of this announcement is to confirm that we have now put foreign exchange hedging in place to cover 90% of our forecast Central European profits for the remainder of the year, with the result that the effective exchange rates used for the translation of 2008 profits will be approximately 20% more favourable than those used in 2007.END]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/19-05-2008.aspx</link>
<pubDate>Mon, 19 May 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:16 GMT</publishDate>
<guid>{1885D469-F697-4105-85F4-3C721F87CFC4}</guid>
</item>
<item>
<title><![CDATA[AGM Resolutions]]></title>
<description><![CDATA[
		At the company's annual general meeting held at Kingsway Hall Hotel in London earlier today (14 May 2008) all resolutions were passed on a show of hands. 
    Copies of the relevant resolutions have been submitted to the UK Listing Authority's Document Viewing Facility which is situated at 25 The North Colonnade, Canary Wharf, London, E14 5HS. 
    A summary of the proxies cast in respect of each resolution is set out in this Appendix. 
    Name of contact and telephone number for queries:Susan Tudor-Coulson Deputy Company Secretary]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/14-05-2008a.aspx</link>
<pubDate>Wed, 14 May 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:12 GMT</publishDate>
<guid>{1B163132-D738-4A51-8E54-C6524E54B3AD}</guid>
</item>
<item>
<title><![CDATA[Interim Management Statement]]></title>
<description><![CDATA[
		At today's Annual General Meeting, the Chairman of International Personal Finance plc ("IPF"), Christopher Rodrigues, will make the following trading statement. This constitutes the first Interim Management Statement of IPF, in accordance with the UK Listing Authority's Disclosure and Transparency Rules. The purpose of this Interim Management Statement, the full text of which is set out below, is to provide an update on the performance of IPF from the start of 2008 up to the date of publication, along with an update of its financial position. No material events and transactions have taken place during the period.
    The statement is as follows: 
    "IPF has made a good start to 2008. 
    Our Central Europe businesses are performing well driven by good year on year growth in customer numbers and credit issued coupled with continued good credit quality. Good underlying profit growth has been further enhanced by favourable exchange rates which overall were approximately 25% better than for the same period of last year. We intend to hedge our profit for the remainder of the year in the near future. 
    In Mexico, the significant improvement in credit quality seen in the fourth quarter of 2007 has continued, albeit with some further reduction in customer numbers. The combined effect is a substantially reduced level of impairment and an improved trading performance. With credit quality much improved our focus is now on controlled growth in customer numbers and credit issued per customer as we move towards our target of profit for Mexico in 2009. 
    In Romania, we have continued to expand our infrastructure with the opening of 7 branches, which now brings our total network to 14. Customer numbers are growing well and credit quality remains good. In Russia, we have established our operations in Moscow and remain on track to begin trading around the half year. 
    There have been few signs of the pressures on the global economy affecting our performance in any of our markets, but we continue to monitor this closely and maintain our cautious stance on credit. 
    The balance sheet remains strong and well funded. There have been no significant changes in the financial position of the Group since the publication of the Annual Report and Financial Statements for the year ended 31 December 2007. 
    This encouraging start to the year gives the Board confidence that 2008 will prove to be another year of good progress across the business." 
    The interim results for IPF will be published on Wednesday, 23 July 2008 and will be accompanied by an analyst briefing which will be given by Christopher Rodrigues (Chairman), John Harnett (Chief Operating Officer) and David Broadbent (Finance Director). 
    For further information contact: 
    Finsbury +44 (0)207 251 3801 
    James Leviton 
    Vanessa Neill 
    International Personal Finance plc 
    Helen Spivey (Investor Relations) +44 (0)113 285 6876 John Mitra (Media) +44 (0)113 285 6784 ]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/14-05-2008.aspx</link>
<pubDate>Wed, 14 May 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:13 GMT</publishDate>
<guid>{A5537F67-4445-4BD2-8F97-44E9DB8EAB60}</guid>
</item>
<item>
<title><![CDATA[Notice of Annual general Meeting 2008]]></title>
<description><![CDATA[International Personal Finance's first Annual General Meeting ("AGM") will be held at 11.30am on 14 May 2008 at Kingsway Hall Hotel, London. The formal notice of AGM is set out in pages 2 to 5 of the circular. Notice of Annual General Meeting 2008.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/14-04-2008a.aspx</link>
<pubDate>Mon, 14 Apr 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:15 GMT</publishDate>
<guid>{94ADD5BB-6FDC-4072-9C37-6A02B21FF16C}</guid>
</item>
<item>
<title><![CDATA[2007 Annual Report & Financial Statements and Corporate Responsibility Report]]></title>
<description><![CDATA[
		International Personal Finance ('IPF') has published its maiden Annual Report & Financial Statements for 2007. You can view the full report or download selected sections at http://www.ipfinannualreport.co.uk.
		IPF has also published its maiden Corporate responsibility report, which can also be viewed and downloaded at http://www.ipfincrreport.co.uk.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/14-04-2008.aspx</link>
<pubDate>Mon, 14 Apr 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:14 GMT</publishDate>
<guid>{A8D78AA0-A4B7-4F21-897A-690BB985988C}</guid>
</item>
<item>
<title><![CDATA[Preliminary announcement of the final results and statement of dividends - year ended 31 December 2007]]></title>
<description><![CDATA[International Personal Finance today announces the Preliminary announcement of the final results and statement of dividends - year ended 31 December 2007.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2008/05-03-2008.aspx</link>
<pubDate>Wed, 05 Mar 2008 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:15 GMT</publishDate>
<guid>{F49138A0-EAD5-482C-A27E-48264D199494}</guid>
</item>
<item>
<title><![CDATA[International Personal Finance plc ("IPF" or "the Group") Pre-Close Update]]></title>
<description><![CDATA[
		International Personal Finance plc (IPF), the recently listed international company offering small sum, unsecured credit to 1.9 million customers in six emerging markets, today issues an update on trading ahead of its close period.  The Board is pleased to announce that good progress is being made in the second half of the financial year.  We have seen growth and a continuation of good credit quality in Central Europe.  Consequently, we expect the Group's maiden results for the year ended 31 December 2007, to report pre-tax profit a little ahead of the market consensus of £46 million, compared with pro forma pre-tax profit for 2006 of £39.9 million.
     Central Europe
     The Central European business is performing well.  We expect customer numbers to show moderate growth in the second half, with stronger growth in credit issued. Credit quality remains good and impairment levels have remained at a low level and are stable. Overall, we continue to expect the region to report strong profit growth for 2007. 
   Mexico 
      We continue to implement our performance improvement plan in Mexico.  In both the Puebla and Guadalajara regions, the measures taken to improve credit quality are beginning to yield improvement in collection performance and in due course we expect this to feed through into reduced impairment. 
    In the Puebla region, we identified at the half year seven branches that were performing poorly and were subject to special measures to improve performance.  We are seeing clear signs of improvement in five of them.  We will provide more detailed information when we announce our final results in March. 
    We expect our investment this year in start-up losses in Mexico to be around £13 million. In line with our previous guidance, we continue to target profit from this market for 2009.  
    Romania 
     Following national roll-out in June, Romania has continued to progress to plan.  A further two branches have been opened in the second half of the year, increasing our network to seven branches.  Customer growth remains good, as does credit quality and impairment.  As previously announced, we continue to expect our investment this year in start-up losses to be £3 - 4 million and that Romania will be profitable for 2010.
    New Countries
      In Russia, we are close to acquiring a small bank to facilitate market entry with a pilot in the Spring of 2008. Our market research of India and Ukraine is progressing well. 
    Tax
      We continue to expect our tax rate for the year to be approximately 30%. 
   Dividend 
      As previously noted, and in the absence of unforeseen circumstances, the full year dividend in respect of 2007 will be 4.75 pence per share, including the interim dividend already paid of 1.90 pence per share.
   Balance Sheet  
      The balance sheet remains strong and, as noted in the previous trading update, committed bank facilities are in place to support our growth strategy through to Spring 2010. 
    Regulation and Legislation
      At the time of the trading update in September we highlighted that there had been discussion about the development of legislation to introduce a cap on interest rates charged by lenders in Slovakia and Hungary.  In Slovakia, although the precise details are still to be finalised, we expect rate cap legislation to be implemented in early 2008, but are confident that, as we have done in Poland, we will be able to respond to this change and that there will not be a negative impact on the business.  There have been no further significant developments in Hungary.
  Outlook  
      IPF Group Executive Chairman, Christopher Rodrigues, concluded:
    "We are pleased with the Group's trading performance, the continued excellent credit performance in Central Europe and the strength of our balance sheet.  We expect that results for the full year will be a little ahead of market consensus and we continue to make good progress towards our longer-term objectives."
    An analyst briefing of the full year results for IPF will be given by Christopher Rodrigues (Executive Chairman), John Harnett (Chief Operating Officer) and David Broadbent (Finance Director) on Wednesday, 05 March 2008.
    Enquiries: 
   Media
    Victoria Richmond, IPF                       0113 285 6873
    Vanessa Neill, Finsbury                     020 7251 3801 
    Ryan O'Keeffe, Finsbury                    020 7251 3801
    Investor Relations
    Helen Spivey, IPF                              0113 285 6876]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2007/12-12-2007.aspx</link>
<pubDate>Wed, 12 Dec 2007 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:21 GMT</publishDate>
<guid>{404009CB-4F3F-4C1D-85A2-9891A98A0FF2}</guid>
</item>
<item>
<title><![CDATA[Trading update and statement of dividends - six months ended 30 June 2007 ]]></title>
<description><![CDATA[
		International Personal Finance ("IPF" or "the Group") is a fast-growing international business offering home credit to 1.9 million customers in six countries. 
    
      This document provides a pro forma trading update for IPF for the first half of 2007. The results include the pro forma adjustments required to present the results of IPF as if it had operated as a stand alone entity throughout the first half of 2007 and the comparative periods presented.
    Visit our Results, publications and presentations section to download the PDF and to view the presentation slides and webcast.]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2007/11-09-2007.aspx</link>
<pubDate>Tue, 11 Sep 2007 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:21 GMT</publishDate>
<guid>{A9CE2696-3B59-47B4-A07E-8BBE2F8607CA}</guid>
</item>
<item>
<title><![CDATA[The London Stock Exchange is delighted to welcome International Personal Finance plc to the Main Market]]></title>
<description><![CDATA[
		International Personal Finance (IPF) specialises in small, unsecured cash loans delivered by a network of 28,000 agents direct to customers' homes.
    IPF's success has been based upon its aim of being a leading provider of simple, fair and transparent financial products and services. These services are fast, accessible, inclusive, personal and flexible.
    
      IPF is being demerged out of Provident Financial Group plc, which was founded in 1880. Provident Financial started to expand internationally with the opening of its Polish operation in 1997. IPF currently operates in 6 countries, has 1.8 million customers and employs over 5,000 people.Christopher Rodrigues, Executive Chairman of IPF, said, "Today is a proud day for IPF, as we start our life as an independent publicly listed company on the London Stock Exchange. The listing allows investors to make a pure investment play into the attractive and rapidly growing world of consumer finance in emerging markets, coupled with the liquidity of the LSE and the excellent access to management afforded by a UK head office. On behalf of the board, I would like to take this opportunity to thank all of those involved in the transaction for their hard work. We look forward to a thriving future as a plc and to extending our fruitful and successful relationship with our clients, employees, and shareholders."]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2007/16-07-2007.aspx</link>
<pubDate>Mon, 16 Jul 2007 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:21 GMT</publishDate>
<guid>{A990B7F2-4F16-4029-BA69-2EECF3963D0B}</guid>
</item>
<item>
<title><![CDATA[Circular and Prospectus in relation to the proposed demerger]]></title>
<description><![CDATA[
		
      This announcement comprises an advertisement for the purposes of paragraph 3.3.2 of the Prospectus Rules made under the Financial Services and Markets Act 2000. This announcement is an advertisement and not a prospectus and investors should not acquire any shares in IPF (defined below) referred to in this announcement except on the basis of information in the Prospectus (defined below). Copies of the Prospectus may be obtained from International Personal Finance's registered office at Number Three, Leeds City Office Park, Meadow Lane, Leeds, LS11 5BD.
    
    Publication of Circular
    Provident Financial plc ("Provident") announces that it has today posted a circular to its shareholders giving full details of the proposed demerger of its international home credit business ("IHC"). Pursuant to the demerger, IHC (comprising Provident International Holdings Limited and its wholly-owned subsidiaries) will be transferred to International Personal Finance plc (a newly established public limited company which has been incorporated to be the holding company of IHC) ("IPF").
    In addition, Provident has also posted to its shareholders today a prospectus prepared by IPF providing details of the proposed introduction and admission of shares in IPF to the Official List of the Financial Services Authority and to trading on London Stock Exchange plc's main market for listed securities.
    The demerger is conditional on approval by Provident's shareholders at an Extraordinary General Meeting of Provident, which has been convened for 13 July 2007. Subject, inter alia, to Provident shareholder approval, the demerger will result in Provident shareholders receiving one share in IPF for every Provident share they hold. Thereafter, the expected effective date of the demerger and of admission and commencement of dealings in IPF shares on the London Stock Exchange is 16 July 2007.
    Shortly after the Demerger is effective, and upon completion of admission, the share capital of Provident will be consolidated on the basis of one consolidated Provident share for every two non-consolidated Provident shares. The purpose of this share consolidation is to preserve the value of share options and awards under Provident's employee share schemes and to maintain, so far as reasonably practicable, the pre-demerger share price, the comparability of historic and future earnings per share and dividend per share data.
    In addition, it is proposed that shortly after the demerger the capital of IPF will be reduced. This will create distributable reserves in IPF of approximately £410 million. The reduction of capital was approved by a special resolution of the current IPF shareholders on 30 May 2007 and is subject to the approval of the Court.
    Expected Timetable of Principal Events
    
      25 June 2007
    
    Posting and publication of Circular and Prospectus 
    
      11 a.m. on 10 July 2007
    
    Latest time and date for receipt of proxy request forms from members of the Provident Financial Company Nominee Scheme for the Extraordinary General Meeting of the Company
    
      11 a.m. on 13 July 2007
    
    Extraordinary General Meeting of Provident
    
      5.00 p.m. on 13 July 2007
    
    Latest time and date for transfers of Provident shares to be registered in order for the transferee to be registered at the Demerger Record Time, Provident share register closes and Provident shares disabled in CREST
    
      5.00 p.m. on 13 July 2007
    
    Demerger Record Time
    
      8.00 a.m. on 16 July 2007
    
    Expected effective date of demerger, Provident share consolidation, admission and commencement of dealings in IPF shares and consolidated Provident shares on the London Stock Exchange and crediting of IPF shares and consolidated Provident shares to CREST accounts
    
      18 July 2007
    
    Court hearing to approve the reduction of capital
    
      By 27 July 2007
    
    Dispatch of definitive certificates for IPF shares and consolidated Provident shares (other than in respect of such shares held through CREST) and any fractional entitlement cheques
    
      By 27 July 2007
    
    Payment of fractional entitlements in respect of consolidated Provident shares held through CREST]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2007/25-06-2007.aspx</link>
<pubDate>Mon, 25 Jun 2007 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:19 GMT</publishDate>
<guid>{6C3A4AED-4CE5-4D2B-A274-6987EE3132E1}</guid>
</item>
<item>
<title><![CDATA[Demerger Proposal]]></title>
<description><![CDATA[
		Details of the proposed demerger of the international home credit business
Provident Financial plc ("Provident") today announces details of the proposed demerger of its international home credit business ("IHC").  Pursuant to the demerger, IHC (comprising Provident International Holdings Limited and its wholly-owned subsidiaries) will be transferred to International Personal Finance plc (a newly established public limited company which has been incorporated to be the holding company of IHC) ("IPF"). Subject, inter alia, to shareholder approval, the demerger will result in Provident shareholders receiving one share in IPF for every Provident share they hold.
  
  Presentations to research analysts on each of the two businesses will be held today at the offices of Dresdner Kleinwort, 30 Gresham Street, EC2P 2XY at 10.30a.m.  The key highlights of these presentations are:
The demerger
The key reason for the demerger is that the UK and international businesses have different strategic agendas calling for different management skills and focus. Both businesses are expected to benefit from the demerger. The international business will be better able to capture its growth opportunities through greater management focus and the closer alignment of management incentives to the performance of the international business. The UK business will be able to concentrate on developing a more broadly based business focused on the UK non-prime consumer credit market.
  The demerger is expected to result in stronger operational and financial performance for both businesses.
The demerger will offer a choice of investment into two attractive and successful businesses with markedly different characteristics.
  Provident will, prior to the demerger, introduce £70 million of additional capital into IHC to adequately capitalise it as a stand-alone business.
 In the absence of unforeseen circumstances, Provident and IPF intend to pay an aggregate dividend in respect of 2007 of 36.50 pence per share, equal to the Provident dividend per share paid in respect of 2006.
Provident - post-demerger
The UK home credit business will build on its leading position in the UK specialist consumer lending market and is expected to grow and to continue to benefit from (i) the continued diversification of marketing channels for new customer recruitment, (ii) improved customer segmentation and contact management, (iii) product innovation and enhanced lending decision processes and (iv) the introduction of new technology, allowing a streamlining of its cost structure.
 Vanquis will continue to focus on the provision of credit cards to the non-prime market. In the medium-term, it is believed to have the potential to exceed 500,000 customers and £300 million net receivables and to earn a post-tax return on equity of around 30%. Vanquis is expected to trade at around breakeven in 2007.
 There is an increasing market opportunity for Provident's UK businesses because of a combination of growth in the UK non-prime market and the tightening of lending criteria by mainstream credit providers.
 The UK business has a large, dynamic customer base and a national branch infrastructure.  It aims to build on its leading position in the UK specialist, non-standard lending market and in particular to improve its retention of the estimated 200,000 customers who migrate up the credit quality chain each year, through extension of its product range to include agent and non-agent collected unsecured and secured personal loans over longer repayment terms.
 In the absence of unforeseen circumstances, the board of directors of Provident intends to pay a dividend per share for 2007 of 31.75 pence per share (before adjustment for the proposed consolidation of Provident's share capital). It is the intention of the directors to at least maintain the dividend per share with a medium-term objective to build cover until a dividend payout ratio of 80% is reached.
 Provident has pro forma net assets as at 31 December 2006 of £207.1 million, after allowing for adjustments in respect of the £70 million capital injection into IPF, net proceeds of £162.7 million from the sale of Provident Insurance, demerger costs of £20.4 million and after deducting the 2006 final dividend of £56.4 million paid in May 2007.
As at 31 December 2006, Provident has a pro forma equity to receivables ratio of 23%. The directors consider that a capital structure with a ratio of ordinary shareholders' capital to receivables of 15% compared with the current target of 20% is appropriate.  This implies surplus capital of some £80 million on demerger.  However, in light of the high dividend payout ratio, this surplus will be retained in the near term to fund growth opportunities and provide a sensible degree of strategic flexibility.  Provident may consider share buy-backs as and when appropriate.
 Cost savings of almost £3 million per annum are expected after the demerger as a result of a reduction in corporate overhead costs.
 The Fitch Issuer Default Rating has been maintained at BBB+ and the estimated weighted average cost of debt is unchanged at approximately 7%.
 The UK business has made a positive start to 2007.
 IPF
 A proven record of building successful, capital generative businesses in emerging markets underpinned by an experienced management team.
 A substantial business spanning six countries, with 1.8 million customers, 28,400 agents and over 5,000 employees.
 Pro forma pre-tax profit for 2006 of £39.9 million, based on IHC's reported segmental profit for 2006 of £46.2 million and allowing for the increased costs of operating as a stand-alone and listed business of £9.1 million and a reduction in borrowing costs of £2.8 million (mainly attributable to the £70 million capital injection on demerger).
 Significant opportunities for future growth from the fast growing demand for consumer credit in IPF's existing markets and from a target list of eight large new markets to enter, including Russia, India and the Ukraine.
 A clear strategy to seize the opportunities for growth: (i) to increase the pre-tax profit from the established Central European markets by 50% to about £95 million at maturity, (ii) to realise the potential of the markets currently under development, Mexico and Romania, with a target pre-tax profit from these markets of £90 million and £20 million respectively at maturity and (iii) to enter further emerging markets, with a plan to enter three to four countries over the next five years.
 Mexico is expected to report a profit in 2009 and Romania, which has recently successfully completed the pilot stage and been approved for national roll-out, is expected to report a profit in 2010.
 In 2007, approximately £15 to £16 million will be invested in start-up losses from developing markets, principally Mexico and Romania. Thereafter, for the medium-term, IPF's target start-up losses in developing new territories is expected to be broadly equal to 25% of pre-tax profits before such start-up losses.
 IPF intends, subject to satisfactory completion of due diligence, to commence a pilot in the Russian market in the latter part of 2007 which may include the acquisition of a small bank costing about £3 to £5 million.
 Pro forma net assets as at 31 December 2006 of £150.2 million as adjusted for a £70 million capital injection from Provident, giving a pro forma equity to receivables ratio of 45%. This level of capitalisation recognises the risk profile of the emerging markets in which IPF operates and underpins its future requirement to attract debt finance to support its growth strategy. In the longer term, IPF targets to reduce the equity to receivables ratio towards 20% as the business matures.
 IPF's Central European operations are already generating substantial surplus capital. In 2006, they generated surplus capital of £37.8 million which was available to fund both new country development and dividends.
 In the absence of unforeseen circumstances, IPF intends to pay a dividend of 4.75 pence per share for 2007 and thereafter to adopt a progressive dividend policy reflecting the profitability of IHC's businesses as well as its capital and cash flow requirements, with a medium-term objective of moving to a dividend payout ratio of approximately 25% of profit after tax.  IPF believes that this will allow the capital requirements of its growth strategy to be met from retained earnings.
 The tax rate for 2007 and thereafter is expected to be approximately 30%.
 IPF has made a strong start to 2007 across all markets.
 Key Dates
  
  Friday 22 June 2007
  Posting and publication of circular and prospectus
  
  Friday 13 July 2007
  EGM to seek shareholder approval for the demerger
  
  Monday 16 July 2007
  Demerger effective
  
  John van Kuffeler, Chairman of Provident, commented:
  
"The separation of the UK and international businesses is good for the two businesses and good for shareholders.  The international business will be better able to secure its exciting growth prospects, and the UK business will be free to build on its leading position in the UK non-prime consumer credit market.  The board of Provident believes that this move will maximise shareholder value in both the near and longer term."
  
  Christopher Rodrigues, Chairman Designate of IPF, commented:
  
"The international business has a proven and successful model and an experienced management team.  We see many opportunities both in our existing markets and in new emerging markets.  We are all looking forward to the next exciting phase of the business' development."]]></description>
<link>http://www.ipfin.co.uk/media/news-releases/2007/07-06-2007.aspx</link>
<pubDate>Thu, 07 Jun 2007 10:26:00 GMT</pubDate>
<publishDate>Mon, 21 May 2012 04:41:19 GMT</publishDate>
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