April 28, 2017 / 1:56 PM / 7 months ago

Home Capital shares rise as rate of withdrawals at lender slow

TORONTO, April 28 (Reuters) - Shares of Canadian alternative lender Home Capital Group rose in early trade on Friday after it said withdrawals from its high-interest savings accounts had continued at a slower rate on Thursday.

The company said its Home Trust unit had liquid assets of approximately C$750 million ($549.09 million) as at April 27, compared to C$1.3 billion at April 25. The company’s stock plunged earlier this week on news it had secured a high-interest credit line.

The stock was last up 3 percent at C$8.26.

$1 = 1.3659 Canadian dollars Reporting by Alastair Sharp; Editing by Bernard Orr

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