For the year ending 30th September 2025, total assets more than doubled from £1.2bn to £2.6bn, representing growth of approximately 117% over the period.
Core lending activity expanded rapidly, with loans to customers increasing from £86m to £464m.
Funding growth was equally robust, with customer deposits increasing by £1.2bn to more than £2.3bn.
The bank said the expansion of its deposit base had supported asset growth and maintained a diversified and stable funding profile.
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Mike Says, CEO at GB Bank (pictured above), commented: “Delivering our first full year of profitability while achieving such significant growth across the balance sheet is a major milestone for the bank.
“These results demonstrate the strength of our strategy, the scalability of our platform and the confidence our customers’ and shareholders’ place in the business.
“We've built strong momentum across lending and deposits, while maintaining discipline around capital, risk and costs.
“With these foundations in place, we are well positioned to continue scaling the bank, growing our lending and building our deposit base.”
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