Aldermore still plans to float
The challenger bank originally planned to float in October before pulling out due what it deemed a “deterioration of global equity markets”.
The bank revealed today that its total lending rose by 10% in Q3 2014 to £4.4bn, led by a 12% increase in residential mortgage lending.
Monks, who would not be drawn on whether the bank could float this year, said: “It’s definitely only a postponement.
“We’re watching the markets closely and as and when the time is right we’ll be able to move very quickly.”
In its original floatation announcement Aldermore said it was looking for £75m to support business growth.
Fellow challenger bank Virgin Money is due to float later this month.