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Britain's Secure Trust Bank says profits to top consensus

Reuters

LONDON (Reuters) - Britain's Secure Trust Bank said its full-year 2020 profits were likely to beat the upper end of consensus estimates of 9.7 million pounds, as demand for loans during Britain's latest lockdown soared.

Booming loan demand outweighed the negative impact of the coronavirus-related lockdown on its consumer-focused business, the bank said.

The bank will report its full-year results in March.

(Reporting by Lawrence White; Editing by Edmund Blair)