We operate with strong financial discipline to ensure our loans are affordable while delivering an appropriate financial return which balances the needs of all our stakeholders.
The most integral part of our financial model is that we must deliver a return on required equity (RORE) of between 15% and 20%. We believe that returns materially in excess of this range would result in us not balancing the needs of all of our stakeholders in delivering our purpose.
Delivering the RORE target supports a progressive dividend payout ratio to shareholders of at least 40%, while investing in future growth and maintaining a strong balance sheet in line with our equity-to-receivables target.