Reading through the recent report, without concentrating on fine detail, it made a strong case for its expanded equipment finance loan book, with low arrears. In mid August it was reporting delays of up to 3 weeks for settlements and recently announced that its growth in equipment finance is no longer a priority, so the rates have gone skywards, particularly for non invoice book customers. Big changes, but possibly reflecting the cost and difficulty of obtaining capital?
Ann: FY22 Investor Presentation, page-16
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