Flexigroup yesterday reported a decline of 11 per cent in leasing volumes in what used to be its core business in the December 2008 half year, though repricing meant that the specialist financier recognised increased cash from a smaller level of new lending.The group is generating additional lending growth from its newly acquired Certegy business that operates the interest fee payments plan product Ezi-Pay in Australia and New Zealand through numerous small retailers, as well as a cheque guarantee service.Certegy appears to be producing new retail finance business in line with prior projections by Flexigroup last year. Certegy produced $69 million in new volume in the two and a half months under new ownership in the present reporting period.The group expects Certegy to contribute $130 million in new lending volumes in the June 2009 half. Certegy will add to profits from next month.Flexigroup withdrew a personal loan product late last year after arrears and lending losses proved worse than for standard consumer and business leases. Arrears were otherwise pretty stable over the last six months.Receivables increased to $505 million at December 2008, up five per cent over six months.Net profit fell to $14.6 million in the half, from $15.5 million six months before and $16.8 million 12 months before, reflecting the costs of taking control of Certegy.