Aldermore upped its underlying profit before tax by 75% to £99m in 2015.
Aldermore upped its underlying profit before tax by 75% to £99m in 2015.
On a net basis the bank increased its lending volumes by 50% for buy-to-let, 18% for residential and 29% for SME commercial mortgages.
The bank was the third largest net lender to UK SMEs under the Funding for Lending Scheme.
Phillip Monks, Aldermore chief executive, said: “Today’s results clearly demonstrate our continued focus on delivery across a range of key metrics, with our net interest margin exactly as expected, continued improvement in our cost/income ratio and another strong credit performance.
“We are committed to supporting the UK’s SMEs, homeowners, landlords and savers who are often under- or poorly served by the wider market. We have a clear and differentiated growth strategy and remain both excited about the opportunity in our chosen markets and confident of our ability to deliver continued strong profitable growth and attractive, sustainable returns for shareholders.”
