Corporate profile

The lending business is supported by an award-winning online retail and SME deposit franchise. 

Operating with modern, scalable and legacy-free infrastructure, Aldermore has no branch network but serves its customers and intermediary partners online, by phone and in person from our regional offices in the UK. Building on its core brand values of being reliable, expert, straightforward and dynamic it aims to deliver “banking as it should be” rather than banking as it always has been.

Established in 2009, the Bank has grown significantly and now has over 900 employees. At the end of June 2016, loans to customers stood at £6.8bn (FY 2015: £6.1bn), customer deposits totalled £6.5bn (FY 2015: £5.7bn) and the total capital ratio was 14.0%. Having broken-even after three years of trading, Aldermore continues to generate positive momentum, delivering an underlying profit before tax1 for H1 2016 of £63.2m (H1 2015: £43.6m) and a return on equity of 18.0%1,2 (H1 2016: 18.6%).

Aldermore is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) and is registered under the Financial Services Compensation Scheme (FSCS).
 

1 Excluding impairment of goodwill of £4.1m (pre- and post-tax) in H1 2016 and IPO related costs of £4.1m (pre-tax) and £3.2m (post-tax) in H1 2015
2 H1 2016 RoE excludes impairment of goodwill of £4.1m (post-tax) and is after payment of AT1 coupon of £6.6m (post-tax). H1 2015 RoE excludes IPO related costs of £3.2m (post-tax) and is after payment of AT1 coupon of £2.8m (post-tax)


Our customers

We support SMEs, homeowners, landlords and savers in the UK with our range of award-winning lending and savings products.

Our DNA

We aim to deliver “banking as it should be” to our customers by being reliable, expert, dynamic and straightforward in all our dealings with them.

A modern bank

We benefit from our scalable, digital infrastructure. Serving customers and brokers online, by phone and in person from our regional offices, we have no expensive branch network to maintain.