In a third-quarter statement, the group revealed that its net loans and advances had risen 19% to over £4bn, up from the £3.4bn total it reached on 31st December 2015.
Meanwhile, gross originations for the nine months to 30th September 2016 rose by 23% year-on-year to £1.5bn, possibly boosted by the launch of its direct to consumer platform for personal loans.
The group revealed that post-referendum uncertainty in the market had had only a “minimal impact” on the business to date.
- Shawbrook completes £3m semi-commercial loan
- Shawbrook announces record-breaking quarter for commercial mortgages
- Challenger bank completes its largest regulated bridge
Steve Pateman, CEO of Shawbrook, said: “Overall, the group continues to deliver sustained growth within its disciplined credit quality and returns metrics.
“While we remain cognisant of the uncertainty which lies ahead as the UK begins the process of leaving the EU, we remain confident that we will continue to deliver on our strategic goals.”
Shawbrook used the announcement to reveal that it would continue to grow its presence in the development finance market.
The group also expects to launch its new lending into retirement product in the first quarter of 2017, while its regional business finance centres are expected to be operational by the end of 2016.
The news comes just weeks after Shawbrook celebrated its most successful quarter to date in terms of completions.
Leave a comment