The bank increased its originations by 27% to £1.21bn, up from £1.64bn in 2014 – while Shawbrook said it expects originations to reach £1.6bn and the book to grow by an additional £800m.
The bank increased its profit before tax by 68% to £54.5m from the start of the year to September, up from £32.5m the year before.
Tom Wood, Shawbrook’s interim chief executive and chief financial officer, said: “These results continue to demonstrate the successful execution of our strategy and we are pleased that the group continues to deliver strong growth.
“The full roll out of personal lending and savings offerings and a number of further attractive product and market adjacencies will reinforce future growth and we remain confident in our continued ability to deliver our near and medium term targets.”
Steve Pateman is joining as Shawbrook’s chief executive in the New Year from Santander, where he is head of UK banking. Shawbrook’s previous CEO Richard Pyman stepped down in October after taking leave due to illness.
