Digital and data investment results in dip in Shawbrook’s profits
Shawbrook's profits dipped last year as the specialist bank committed "substantial investment in digital and data" to drive long-term growth.
Underlying pre-tax profits were 3% lower at £294m, although it built momentum with profitability improving during the second half of 2024.
Shawbrook Group chief executive Marcelino Castrillo is confident there is "significant potential for organic growth" because of its diversification and scalable technology.
He said: "In 2024, we continued to invest in technology, talent and our ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
