CORRECTED-Lender IPF's FY profit down 6 percent

miércoles 24 de febrero de 2016 09:02 GYT
 

(Corrects revenue figure in third paragraph to 735.4 million pounds from 704.3 million)

Feb 24 (Reuters) - Consumer credit lender International Personal Finance reported a 6 percent fall in full-year underlying pretax profit as growth in Europe slowed due to intensifying competition from payday lenders and banks, especially in Poland and the Czech Republic.

IPF, which provides small personal loans to over 2.7 million borrowers in Europe and Mexico, said pretax profit before exceptional items fell to 116.1 million pounds ($162.53 million) in the year ended Dec. 31, compared with 123.5 million pounds a year earlier.

Revenue fell about 6 percent to 735.4 million pounds.

($1 = 0.7143 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)