George Osborne commends Aldermore

IN: General

Last month, Aldermore reached a major milestone in its quest to shake up British banking as it marked £1 billion of lending to SMEs across the United Kingdom.

The landmark was commemorated in the bank's Wilmslow office with a visit from George Osborne, Chancellor of the Exchequer.

Mark Stephens, Deputy Chief Executive Officer of Aldermore, met with George Osborne during his visit. Speaking about the meeting, Mark commented:

"George was, first of all, quite surprised that we'd managed to grow in such a controlled way that we have with respect to lending to SMEs."

"He was then incredibly supportive and proud of what we've done and was asking the bank what other things it needs in order to further continue this level of growth."

Since 2009, Aldermore has been championing British SMEs; the bank has a commitment to shaking up the world of banking by providing an alternative source of finance for SMEs. In the interview above, Mark highlights that much of the bank's success has come from its philosophy of understanding the needs of small businesses.  

"Aldermore set itself up to be a lender to the SME community and we therefore focused our energies on developing lending products, criteria systems and services to meet that demand.

"They [SMEs] can communicate with the bank in a very simple and easy way and they can expect fair conditions and fair pricing."

The content published on this website is intended to provide information only. The reader should seek advice from experts on the subject matter and independently verify the accuracy and relevance of any information provided here before relying upon it or using it for any reason. You can view our terms and conditions here.

  • Business
  • SME
  • Article
  • Intermediaries