In the first quarter of 2014, Aldermore, which posted a pre-tax profit of £22.4m in 2013, provided a further £358m of net lending to business and individuals increasing its total loan book by 11% to £3.7bn.
The bank’s savings products attracted £334m of net new deposits, increasing total customer deposits by 10 per cent to £3.8bn.
Aldermore chief executive Phillip Monks 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.
George Osborne, Chancellor of the Exchequer and MP for Tatton, 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.”
