Shawbrook thanks brokers as it exceeds £1bn lending
By Bridging Loan Directory -
Shawbrook Bank has exceeded £1bn in lending to SMEs and personal customers in the UK. This is the latest major landmark for the bank, which launched less than three years ago and broke even after just 16 months.
Shawbrook’s growth shows no sign of slowing and the bank has now lent £766 million to SMEs and almost £369 million to individuals across the UK since 2011. Shawbrook’s network of professional intermediaries have played a pivotal role in its success to date – from introducing clients to feeding back on products and processes, helping to ensure the bank always offers the best possible service and products with a competitive edge.
Shawbrook’s Commercial Mortgages and Secured Lending divisions lend solely through brokers, while Shawbrook Asset Finance lends through brokers and direct clients. Shawbrook also offers Consumer Finance via home improvement suppliers, resorts and retailers who want to offer finance packages to their customers.
Shawbrook is committed to the broker channel, and will lend through this highly valued network in 2014 and beyond as it continues its ambitious growth strategy.
Ian Henderson, CEO of Shawbrook Bank, said:
“Reaching this milestone so quickly is a great feat for Shawbrook, and one which we are very proud of. We believe our rapid growth is testament to the need for a bank that takes a flexible and efficient approach to lending, combined with an excellent service for brokers and clients alike.
“Our success is thanks in no small part to our network of specialist brokers. The relationship that we have with our brokers is incredibly important to us – their expertise and determination is invaluable. We take our brokers’ feedback very seriously, and give it careful consideration whenever our teams are working on developments to our products and processes. It’s a model which we’re committed to, and we look forward to completing many more deals with our broker partners in the future.”
Shawbrook operates a traditional savings and lending model. Loans are funded with deposits from individuals and SMEs in the UK, who receive consistently competitive rates and excellent customer service.