Shawbrook’s Post

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An update from our Chief Executive Officer, Marcelino Castrillo, following the publication of Shawbrook Bank’s Interim Results for the six months ended 30 June 2024. “The attractive returns we continue to generate have been reinvested in our ‘best of both’ model, combining innovative technology and data analytics with great talent, enabling us to efficiently scale-up our specialist proposition. The number of customers we served increased by more than a fifth to c.550,000 as we continued to expand our presence across a diverse range of specialist lending markets where customers value the premium experience, flexibility and certainty we deliver.” Other key performance highlights include: 📈 Loan book grew by 15% on an annualised basis to £14.3 billion following continued strong originations in our core SME and property markets 💷 Deposits grew by 21% on an annualised basis to £15 billion, due to our strong proposition continuing to attract new customers 🎯 The overall credit quality of our loan book remained robust and credit risk metrics remain within our risk appetite, with a cost of risk of 64bps 🚀 An underlying profit before tax of £124.5 million We have continued to invest in our strategic priorities and delivered a strong financial performance, once again demonstrating our ability to support our customers and to continue delivering attractive returns through the cycle. Our Interim Results for the six months ended 30 June 2024 can be viewed in full here: https://lnkd.in/efK3yT4g

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Abdul aziz mohammed

looking for the good opportunity

2mo

It's excellent and extraordinary.

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Julian Nutley

Managing Director at Tandem Bank Non Exec Director & Co-Owner Dunstable Town Football Club Director, Finance & Leasing Association

2mo

From small acorns…..Philip George Stephen Johnson

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