TrustBuddy - Lending volume increase more than previously thought. - Guiding - TrustBuddy International AB.
Stockholm, 2012-09-25 11:42 CEST (GLOBE NEWSWIRE) --
TrustBuddy has had a solid growth throughout the third quarter
The trend of loan demand continues to show a clear growth. TrustBuddy has now passed 160 million in granted loans during 2012.
Based on continued demand and solid growth of loans TrustBuddy will pass the previous expectation of lending out 200 million during 2012. The new guideline will be more than 220 million, an increase of more than 10 percent compared with the previous expectation.
A key element in the company's organizational development is to focus on achieving a high degree of automatization to handle larger volumes without any significant increase of costs. Thus it's assumed that sales will continue to grow while costs will be kept within a limited growth.
TrustBuddy has a continued strong and stable growth of both lenders and borrowers in all operating markets.
For additional information, please contact:
Jens Glasø, CEO, TrustBuddy International AB (publ)
+47 40 40 47 50,
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans
and capital provision between buddies in Scandinavia in an organised manner. The company is listed at
NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy
International AB (publ):s Certified Adviser and market maker, contact number: +46 8-503 015 50.