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Aldermore’s SME lending up 19%

Posted at November 13, 2015 | Categories : News

Aldermore says it is on track to deliver targeted 2015 net loan growth of around £1.4 billion, lending to SMEs having risen by 19% to £2.7 billion in the first nine months of the year.  SME deposits were up, by 28%, to £1.3 billion over the same period. 

The challenger bank’s chief executive officer, Phillip Monks, comments: “Our award-winning online deposit franchise funds our support of UK SMEs and homeowners with year-to-date growth of 20% to £5.4 billion in deposits matching the rate of lending growth.” 

Aldermore has also appointed a new marketing director. Pamela Brown brings over 12 years of marketing experience to her new role – prior to joining Aldermore, she was head of marketing and insights at British Gas, having previously worked for Barclays and RBS.