Asset finance increased by 17% to £1.6bn for the year ending 31st December 2016, while a 4% decline was observed in the invoice finance division to £154m.
Mortgage lending grew by 24% to £5.7bn – aided by a 12% increase in commercial mortgages to £930m.
This was despite Aldermore tightening its appetite for development-based lending following the EU referendum.
Phillip Monks, chief executive officer, said: “2016 was another remarkable year for the group.
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“We’ve continued our track record of delivering strong growth, achieving record underlying profitability of £133m before tax, up 34%.”
The lender had more than 220,000 business and individual customers in 2016 and increased lending by £1.3bn to £7.5bn.
Phillip added: “The group maintains a strong capital position and, as planned at IPO, the bank reached the key milestone of becoming capital self-sufficient in the second half of 2016.
“We have made a strong start to 2017, continuing to balance growth, risk and returns across the group.”
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