This is an interview I conducted last week with Scott Maybury, CEO of PCF Bank (PCF).
At the time of publishing this, I own PCF shares in my personal portfolio. I think it’s a compelling story: an experienced lender which secured a banking licence for the first time in 2017. I started buying shares in it about six months ago, at various prices c. 26p-28p
PCF’s banking licence means that it can rapidly grow its lending portfolio and replace its wholesale debt funding with much cheaper retail deposits. In other words, it has the opportunity to create a much bigger and more profitable business.
Many thanks to Scott for taking the time to answer my questions.