Specialist bank looking to alter its business model and offer larger loans

40 Spring Gardens
Challenger bank Aldermore is looking to increase its exposure to larger commercial development loans. The bank, which earlier this month expanded its office space in Manchester's 40 Spring Gardens, said it is looking to alter its business model. Commercial director John Carter said that while the bank has previously served the lower level, it hasn’t really penetrated above that. So, he added, it wants to grow its coverage to help bolster its balance sheet. Mr Carter said the bank will continue to serve the existing marke... For the full story register now for free or login below...