During the first six months of 2022 Shawbrook Group registered an annualised loan book growth of 22.9% to £9.3bn, with improved performance driven by strong lending across all franchises.
Shawbrook saw pre-tax profits hit £111.4m on an underlying basis and £106.4m on a statutory basis during H1.
Solid profitability also continued in H1, with pre-tax profits hitting £111.4m on an underlying basis and £106.4m on a statutory basis.
These are compared to £92.8m on both an underlying and statutory level in H1 2021.
On the property finance front Shawbrook saw an annualised loan book growth of 11% to £5.4bn. Overall, property finance represents 59% of the Group’s total loan book
Marcelino Castrillo, Shawbrook Group chief executive, said: “Our continued strong financial performance demonstrates the effectiveness of our unique ‘best of both’ approach, which has never been more relevant than in today’s fast-changing environment.
“As consumers and businesses increasingly seek personalised finance solutions, we continue to demonstrate our ability to meet these needs through innovation driven by both technology and the ingenuity of our people.
“While change creates opportunities, it also brings with it uncertainty and, as such, we remain alive to the implications that the cost-of-living crisis may have on our stakeholders and will continue to prioritise our duties as a responsible lender, employer and active member of the wider community.”
