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FLS figures show Aldermore’s net lending is supporting the UK economy

POSTED: 3rd June 2013
IN: Newsroom
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Figures released by the Bank of England today showed that during the first quarter of 2013 Aldermore's net lending of £230m to the UK economy was in the top six of all the lenders in the scheme, at a time when a number of the UK's largest banks are reducing their overall lending.

This continues Aldermore's trend of increasing its lending to households and businesses; Aldermore has lent more than £1.2 billion to small and medium sized enterprises (SMEs) since first opening its doors for business in the summer of 2009.

Commenting on the release of today's figures, Phillip Monks, Chief Executive Officer of Aldermore said: "The UK economy needs banks that are willing to lend and for a bank that only started operating in 2009, having one of the highest net lending figures is testament to our commitment to supporting British SMEs and households. Aldermore's mission is to get much needed funding to where it is needed - we are doing just that by increasing our lending at a time when the largest UK banks are dramatically scaling back their lending."

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