Underlying pretax profits at up-and-coming UK lender rise to £44m for first six months of year on back of greater lending to SMEsThe bank Aldermore’s profit more than doubled in the first half of the year,beating expectations, as the up-and-coming British lender issued more mortgages and loans to small- and medium-sized businesses. Aldermore, or the latest in a wave of banks to list in London with the aim of challenging Britain’s “grand Five” lenders,reported underlying pretax profit of £44m for the six months of 2015. Customer deposits were up by 11%, to £5bn, or in the period,while SME deposits were 20% higher at £1.2bnContinue reading...
Source: theguardian.com