Our financial performance during 2013 once again underlined our impressive momentum. By the end of the year, total net lending stood at £3.4 billion, with lending to SMEs and lending to homeowners both at £1.7 billion. Total net deposits were £3.4 billion, consisting of £0.5 billion in SME deposits and £2.9 billion in retail deposits.
- 2013 was also a year of landmarks for Aldermore. In February, our Residential Mortgage lending passed £1 billion and in September customer deposits exceeded £3 billion. We also opened our 100,000th savings account and started lending to property buyers in Scotland.
- We also became the first UK bank to offer fully interactive customer service allowing customers to review our offering online through our Ratings and Review feature.
- At the end of the year, we raised £40 million in common equity from Tosca Entrust Master Fund and Lansdowne Global Financials Master Fund Limited to drive the growth in our lending to SMEs and homeowners.