Aldermore Bank has reported £2.3bn in originations for the first nine months of 2016.
During that period, net loans were up 15% to £7.1bn, with new lending up 20% to £2.3bn.
New lending to business finance customers was up 13% to £0.8bn, while new lending to mortgage customers rose by 24% to £1.5bn.
Phillip Monks, CEO, said: “I am delighted that Aldermore continues to deliver on our strategy with another strong quarter.
“While the economic and regulatory environment continues to evolve, we have seen no changes in customer demand, our pipeline remains strong and our credit performance robust. As a result, in the first nine months of 2016 we have grown the loan book by over £900m balanced across SME and mortgage customers, whilst maintaining our strict controls on underwriting standards.
“New lending has been funded through the growth of our deposit franchises as well as the use of government funding schemes, including the Bank of England’s newly launched TFS which we began to utilise in September.”
