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After COVID-19 fall, Credit Corp says loan demand reviving

Key Points

  • Revenue ($m) 188.0 down 1.5pc from 190.9
  • Net profit ($m) 42.3 up 9.6pc from 38.6
  • 36c interim dividend payable on March 12

People are tapping quick loans again after COVID-19 uncertainty and early superannuation withdrawals had previously suppressed borrowing desire, financial services outfit Credit Corp says.

The lending book for Sydney-based Credit Corp, whose products include CarStart Finance and Wallet Wizard – which loans between $100 and $5000 – was pummelled as the pandemic erupted.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/after-covid-fall-credit-corp-says-loan-demand-reviving-20210202-p56yr9