Vector Capital PLC (GB:VCAP) has released an update.
Vector Capital PLC reports a modest decrease in loan book size and profits for the financial year 2023, opting to prioritize higher liquidity amidst rising borrowing costs. Despite these challenges, the commercial lending group has maintained its shareholder equity growth and dividend payout, signaling a strategic approach to navigate a backdrop of increased borrowing costs. The company anticipates a potential reduction in base rates by mid-2024, which may prompt a return to loan book growth.
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