Payday lender Cash Converters issued a statement to the Australian Securities Exchange in June, saying compliance with the new responsible lending obligations for short-term loans was having a "significant negative impact" on its business.Yesterday, the company released its 2012/13 financial report and the highlight was growth in revenue from personal loans. The Australian loan book grew 35 per cent in the year to June and generated a 37.5 per cent increase in EBITDA. Go figure.The company's net profit for the year to June was A$32.9 million - an increase of 11.7 per cent over the previous corresponding period. Earnings per share increased by only 4.4 per cent, reflecting the impact of a $32 million capital raising during the year.The company's UK business was also a strong contributor, with 60 per cent growth in the UK loan book. One reason for the growth has been the successful establishment of an online presence. Until a couple of years ago, Cash Converters operated through a chain of company-owned and franchised store-fronts. Inquiries at the website have driven more traffic to the stores.The company reduced the level of bad debt write-offs from 5.6 per cent in 2011/12 to 5.3 per cent in the year to June.