Close

A safe haven in difficult times

POSTED: 6th October 2011
IN: Newsroom
Share:

Like you, we have been watching events in Europe and amongst the European banks with concern. If any of you have been worrying how it might affect Aldermore though, rest assured. Aldermore is one of the most strongly capitalised banks in Britain.

Unlike our larger rivals we don't rely on the international money markets for our funds and we don't invest in Greek bonds or anything like them. As a new bank we raise our funds from retail savers and lend it mainly to dynamic businesses across the UK which are seeking funds to grow. It is as simple as that.

We moved into profitability during the summer, less than three years since our launch and now have assets of more than £1 billion, with more than 43,000 customers.

"Our recent £62 million capital raising, backed by some of the world's largest and most respected investors, has given us the funds we need to continue to grow and launch an even wider range of savings accounts and financial products for growing businesses.  Despite all the current uncertainties there are still lots of opportunities for a bank like Aldermore and we intend to make the most of them and do our bit to help the UK economic recovery - with your help."

ENDS

Press office: Lise Bulloch - 0161 238 5005 - email: Ingerlise.bulloch@aldermore.co.uk

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

  • Personal
  • Business
  • Journalist
  • Press Release
  • Intermediaries

Published: