Lexus Financial Services – Growth, Financial Services
We have been investing in growth markets since the beginning.
Now, we are focusing on the financial services market, which is the most important market for our business, said Juho Kallas, CEO of Lexus.
The growth markets are booming and growing rapidly, he added.
In addition, the financial sector is booming and diversifying, Kallas said.
In a report by financial consultancy EY, the sector saw an increase of 4.4% in gross domestic product (GDP) in the first half of 2018 compared with the same period last year.
The sector has been growing rapidly in recent years, as the number of people receiving unemployment benefits increased to a record 7.2 million in the 12 months to June, the report said.
According to the EY report, the economic outlook for the sector is improving due to the rising interest rates and the strong euro zone recovery.
The economic growth in the sector was estimated to be at 4.8% in the year ended September 30, 2018, compared with 4.7% in 2018, which was the same as the same quarter last year, the EZ-Finance report said, adding that the sector’s share of the gross domestic production (GPD) was higher than in the preceding years.
“The growth in this sector is very strong, and we expect this sector to continue to grow.
We are confident that it will continue to remain strong,” Kallas told CoinDesk.
Lexus Financial has been the leader in the growth markets for some time, as it has grown from the second-largest bank in the country to a global financial services firm, according to Kallas.
“We are growing fast, and that’s why we need to invest in the financial market.
We believe in it and we think we can make a profit in it.
We have a great team and we are looking forward to growing,” he added, referring to the firm’s employees.
Lexuses annual financial results show the company’s share in the industry grew by 3.6% in 2017.
LexUS, which operates over 500 branches across the US and Canada, employs more than 3,000 people.
The firm, which has its roots in the UK, was founded in 1885, and grew to become one of the largest banks in the world, Kames said.
Its financial services business has been profitable since it began operations in 1999, and its revenue has grown by more than 70% in each of the past four years, according a company statement.
“As a company, we have a vision for a sustainable future, and are committed to being a part of the community and supporting businesses,” Kames added.
Lexeus shares closed at $11.65 on Wednesday.