Finance companies buoyed by tighter bank lending - KPMG survey

Mon, 17 Dec 2018

By Paul McBeth Dec. 17 (BusinessDesk) - Non-bank lenders are filling the gap left by their licensed and larger counterparts imposing tighter credit criteria, with bigger loans books and rising profits in 2018, KPMG's latest survey shows. Net loans among the 25 financiers participating in KPMG's 2018 non-bank financial institutions performance survey rose to $11.24 billion from $9.8 billion a year earlier, while profits were up 23 percent at $232.6 million. Out of those lenders, 15 reported increased profits and one - Latitude Financial S...

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