Masthaven Bank has now generated £500m in assets

Ryan Bembridge

October 16, 2018

Masthaven has generated £500m in assets two years after the launch of the bank in November 2016.

There has been £1bn of loan applications since then.

Jon Hall (pictured), managing director of Masthaven, said: “We still feel like we are only just getting started, but it’s important both for our team and customers to celebrate these moments and say thank you for their support.’’

Last month the bank secured a £60m equity investment from global investment firm Värde Partners, which Masthaven said will boost lending to consumers and SMEs over the next three to five years.

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