Shawbrook’s results also show that its underlying profit before tax came to £168.6m in the first half of the year, up from £124.5m in the same period last year.
The lender added that the credit quality of its loan book was “robust” and the cost of risk was 42 basis points, a drop from 64 basis points in the same period last year.
It continued on to say that the firm has completed a securitisation of £600m of The Mortgage Lender (TML) assets.
Shawbrook said it had continued to “invest in and strengthen our digital capabilities”, pointing to its lending hub origination platform to include bridging finance, which is processing around 57% of its real estate cases.
Marcelino Castrillo, Shawbrook’s CEO, said the first half of the year has been “another period of strong performance”.
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“We built on the momentum generated during 2024 by leveraging the strength of our platform – combining sophisticated underwriting, multi-channel distribution, and next-generation technology and data capabilities – which has enabled us to expand our established presence within the diverse markets we serve.
“We have seen strong demand for our specialist lending proposition, with record pipelines across multiple asset classes contributing to 14% annualised loan book growth. Our embedded digital capabilities and data-led approach to customer service are enabling us to meet this demand, driving operational leverage while maintaining exceptional levels of customer experience,” he noted.
Castrillo continued on to say it was embedding AI across its operations to “support earlier and more proactive customer engagement”.
“Our AI-driven tools are helping us translate real-time customer conversations into actionable insights, improving our ability to identify vulnerability and respond with speed and care. These enhancements, combined with our continued discipline in our underwriting, contributed to a reduction in cost of risk to 42bps,” he said.
Castrillo said the company continued to “deliver excellent experiences to a diverse customer base” in markets where “specialist expertise, flexibility and certainty matter”. This includes SME, real estate, retail mortgages and consumer business.
“Within each of these four core lending segments, we continue to see further attractive opportunities for growth and remain confident in the ability of our platform to drive long-term, sustainable performance. This strong performance is underpinned by a culture that is entrepreneurial, agile, and committed to delivering for our customers.
“Looking ahead, we are well-positioned to accelerate the delivery of our strategy. We have built a unique platform with scale, specialism, and technology at its core, positioning Shawbrook in a true ‘category of one’ in our market. With a resilient balance sheet, disciplined risk management, and strong capital foundations, we remain confident in our ability to sustain momentum into the second half of 2025 and beyond,” he concluded.
