Aldermore has come a long way since the Bank's formation in May 2009, gaining the attention of both customers and the financial sector with its commitment to shake up British banking. As the Bank's 2012 Annual Results underline, Aldermore have created a secure, profitable challenger Bank with a growing customer base. More importantly though, the bank has also begun to address the major issues facing British businesses and homeowners.
From a small initial set of financial products especially designed to meet the needs of SMEs and consumers, Aldermore's offering has grown significantly over the years. From launching an asset finance service in late 2009 to providing invoice finance, residential mortgages and 15 minute opening business savings accounts, Aldermore now offer a comprehensive range of products and services.
Despite this expansion, the Bank has not lost its focus on creating tailored products, listening to feedback from Aldermore's customers to constantly improve its level of service. Going a step further, in 2012 Aldermore became the first UK bank to offer a full ratings and reviews feature on all services, pushing towards a more transparent way of banking.
Alongside these efforts to strengthen ties between Aldermore and its customers, the Bank has also forged links with UK government, supporting schemes to improve access to finance for SMEs and homebuyers. Through these initiatives, Aldermore ranked as one of the top six lenders within the government's Funding for Lending scheme in Q4 2012, which also surpassing the £1 billion lending mark to SMEs earlier in the year. Five months into 2013, this same landmark lending amount has now also been reached for Residential Mortgage Lending.
As Aldermore moves into its fifth year, the Bank is in stronger health than ever and looks forward to using this position to aid even more SMEs and consumers with the aim of supporting economic recovery in the UK.
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