The bank revealed that its gross annual income of £45.5m helped deliver a pre-tax profit of £40m with a £32m dividend being paid to the shareholder British Business Bank.
British Business Bank Investments has provided funds for lenders such as Praetura Asset Finance, Kingsway, Henry Howard Finance and Liberis in the past few months.
This funding has supported 12,068 businesses across the UK and Keith Morgan, chairman of British Business Bank Investments, said it had delivered on its objective regarding the return on investment as well as unlocking an increased supply of finance to UK SMEs.
“Across our 34 portfolio investments we have supported a diversity of providers, including leaders in the alternative finance industry, challenger banks and private debt funds.
“This is in addition to traditional direct lenders and asset finance providers.
“As we welcome Catherine Lewis La Torre as the new CEO, these annual results show a year of strong growth and significant momentum.”
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