Shawbrook Bank Enjoys Strong Year as It Positions Itself UK’s Specialist Lender of Choice
Key Highlights · 11% growth in profit before tax (PBT) to £122.4 million · 15% increase in the loan book to £6.8 billion, with particularly strong growth across Property and Business Finance to £4.4 billion and £1.7 billion respectively · Growth in our Savings business with customer deposits reaching £6.1 billion · Strong risk adjusted returns achieving a gross asset yield of 6.4% · Excellent credit quality with cost of risk at 47bps · Common Equity Tier 1 stands at 12% and a total capital ratio of 16.4% · Customer base grew to over 420,500 customers during the year