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...

Close