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Aldermore lends £358m in Q1

Ryan Fowler

May 20, 2014

The Bank’s savings products attracted £334m of net new deposits, increasing total customer deposits by 10% to £3.8bn.

The bank posted pre-tax profits of £22.4m in 2013.

Phillip Monks, Aldermore chief executive, said: “Aldermore was founded at a time when lending was severely restricted and I am proud that we have played a role in supporting the UK by getting funds flowing to the businesses and homeowners that so desperately needed them.

“We also wanted to create a bank that was straightforward and transparent, and one that gave businesses and consumers alike a level of customer service that had been lacking in the banking sector. This approach remains at the heart of our business today.

“I would like to thank all of our customers and the 750 people who work here for their on-going support.”

Aldermore has been lending to small and medium-sized enterprises, homeowners and savers across the UK for five years.

George Osborne, Chancellor of the Exchequer and MP for Tatton, has given the bank his seal of approval.

He said: “I want to make sure businesses in my constituency have the maximum choice when it comes to banking services so I am pleased that Aldermore is doing its bit to support our local economy.”

Aldermore serves more than 155,000 customers across the country.


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