The challenger bank also reported that over the same period, its paid-up share capital has reached £145m.
The results come just over six months after GB Bank reported reaching profitability and receiving its latest investment from majority shareholder Hera Holdings Ltd and the Teesside Pension Fund.
Since May 2024, the bank has received a total of £90m in investment.
The lender’s finance options include property-related loans such as buy to let (BTL) and bridging, SME lending and forward-flow funding arrangements to non-bank lenders.
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In February, the bank increased its loan limit to £20m per borrower in response to high demand from its clients. With the latest capital injection, this is set to increase, enabling the bank to further expand its client base and collaborate with customers on even more ambitious projects.
Mike Says, chief executive of GB Bank, said: “This has been a period of rapid yet sustainable growth for the bank as we continue to tap significant demand for our fast, flexible financing solutions.
“While we are undoubtedly proud of hitting landmark figures, we are even prouder of reaching sustainable profitability in such a short time since securing our growth capital. This provides us with a robust platform for sustained future success – and we look forward to continuing our momentum over the coming months.”
