Record profits for challenger bank Aldermore

CHALLENGER bank Aldermore has announced record profits and continued strong lending growth.

The bank, which has offices in Birmingham, Manchester and Leeds, is a specialist lender to the SME and private landlord sectors.

In full year results for the year ended December 31, 2015, underlying pre-tax profit rose 75% to £99m, while net loans were up by 28% to £6.1bn. Customer numbers grew 27% to 71,000.

The bank, which is the third largest UK lender to SMEs under the Funding for Lending scheme, saw st... For the full story register now for free or login below...