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Published on: April 19, 2022

Poised for accelerated growth and profitability

DFCH has reported impressive results for 2021 against a challenging background of supply chain issues and macroeconomic uncertainty. The company has already updated the market on its strong start to 2022, with record originations in Q1 2022. Potential participation in the British Business Bank’s ENABLE scheme and/or the issue of Tier 2 capital should enable DFCH to achieve an £800m loan portfolio without the need for further equity issuance. We forecast substantial loan growth throughout the forecast period and a 12.9% Return on Tangible Equity in 2025.

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