Personal lender records gains

International Personal Finance, the emerging markets lender, expects to make further progress this year after growth in its main markets propelled a sharp rise in 2010 profits.

International Personal Finance’s pre-tax profit for the year to December rose 49.3 per cent to £92.1m, compared with a market forecast of £93.5m. The firm operates in eastern European countries such as Poland, Hungary and Czech Republic, and also has a business in Mexico.

“In 2011 we expect positive economic conditions in our markets and so aim to grow customers and credit issued at higher levels than 2010 and, therefore, expect the group will continue to make good progress,” said chief executive John Harnett.