The bank attributed the increase to “disciplined origination” across its specialist lending sectors.
On an annualised basis, growth amounted to 8%.
The £20.3bn includes £2.4bn of loans made for onward sale and reflects the disposal of around £300m of Blue Motor Finance Limited assets during the third quarter.
Shawbrook said it remained on track for a loan book of around £21bn by 31 December 2026, including loans made for onward sale, supported by its pipeline of new lending going into the fourth quarter.
Savers’ deposits grew to £19.bn, up from £18.4bn in December. Shawbrook’s arrears ratio increased from 1.6% to 1.8% over the same period, which the bank said can be attributed to a reduction in loan sales following the disposal of the motor finance assets and onward loan sales.
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Shawbrook’s CET1 ratio increased by 40 basis points (bps) in the quarter to 13.4%, putting it on track to meet its full-year guidance of at least 13.2% after incorporating its initial dividend.
In September, the group completed a fully retained securitisation of £0.9bn of Shawbrook-originated buy-to-let (BTL) mortgages.
An increased facility from £150m to £350m was received from The British Business Bank, allowing the bank to continue its support for smaller UK housebuilders and extend specialist lending finance to more developers.
Marcelino Castrillo, chief executive of Shawbrook, said: “Another quarter of disciplined, efficient growth reflects the resilience of our proposition amongst the UK’s most productive businesses and professional property investors.
“Our scalable platform, including our deposit franchise, continues to underpin our ability to profitably grow our specialist lending proposition whilst maintaining credit discipline and careful cost management. This combination has delivered 10% annualised loan book growth and sustainable returns, with net capital generation taking our CET1 ratio to 13.4%. We are well-capitalised ahead of our maiden dividend payable next year and remain on track to meet our FY 2026 guidance, including an underlying return on tangible equity of c.17% and a cost to income ratio below 38%.”
