Monzo and Starling diverge on European expansion plans June 5, 2024 The UK's two leading digital-only banks are diverging in their approach to international expansion as they target new markets ahead of expected stock market listings.
Bank of Georgia posts solid earnings amid political turmoil May 30, 2024 Eastern Asian lender Bank of Georgia saw its profit, customer numbers and interest income soar in the first quarter of this year, a period in which the bank also completed on its acquisition of the Armenian retail lender, Ameriabank.
Starling investor eyes £10bn valuation for bank as tech business takes off May 27, 2024 One of Starling Bank's top investors has said the digital lender could reach a valuation of nearly £10bn within the next few years on the back of fees from its recently launched tech business.
Secure Trust Bank shrugs off economic headwinds as it recovers from 2023 May 16, 2024 Secure Trust Bank has reported swelling loan and deposit books as the lender aims to reach £4bn in net lending and grow its profits after a challenging 2023.
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 May 8, 2024 OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.
International Personal Finance makes strong start to year despite Poland difficulties May 2, 2024 Consumer credit provider International Personal Finance (IPF) has posted a strong first quarter performance thanks to good customer repayment rates and high credit quality.
Monzo set to finalise new £500m fundraising in deal with top tech investor April 28, 2024 Digital bank Monzo is in the process of finalising a new expanded fundraising with major tech investor Hedosophia, according to reports.
Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security April 24, 2024 The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.
Bunq becomes first EU neobank to report annual profit after surge in users and interest rate boost April 4, 2024 Dutch mobile banking firm Bunq has become the first EU neobank to report an annual profit as it gears up to re-enter the UK market and mulls an IPO.
Oaknorth posts jump in profit as challenger bank targets US expansion and mulls public listing March 25, 2024 Challenger bank Oaknorth has posted a jump in annual profit on the back of higher lending and an expansion into the US as it looks forward to a potential IPO.