Shawbrook exceeds £1bn lending
The bank has now lent £766m to SMEs and almost £369m to individuals across the UK since 2011.
Ian Henderson, chief executive of Shawbrook Bank, said: “Reaching this milestone so quickly is a great feat for Shawbrook and one which we are very proud of. We believe our rapid growth is testament to the need for a bank that takes a flexible and efficient approach to lending combined with an excellent service for brokers and clients alike.”
Shawbrook’s commercial mortgages and secured lending divisions lend solely through brokers while Shawbrook Asset Finance lends through brokers and direct clients.
Shawbrook also offers consumer finance via home improvement suppliers, resorts and retailers who want to offer finance packages to their customers.
Henderson added: “Our success is thanks in no small part to our network of specialist brokers. The relationship that we have with our brokers is incredibly important to us – their expertise and determination is invaluable.
“We take our brokers’ feedback very seriously and give it careful consideration whenever our teams are working on developments to our products and processes.
“It’s a model which we’re committed to and we look forward to completing many more deals with our broker partners in the future.”