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Aldermore grows from 30 to over 1,000 employees since launch

Sam Monk | 16:01 Monday 20th May 2019

Aldermore has reached its 10-year banking milestone.

Since the specialist bank launched in May 2009, it has helped hundreds of thousands of SMEs, homeowners, landlords and savers.

Highlights over the past 10 years include:

  • achieved 10 consecutive years of loan growth
  • exceeded £9bn of gross mortgage lending since residential mortgages were established in 2010
  • over £3bn of business finance lending 
  • grown from 30 to over 1,000 employees
  • more than 600 brokers have been trained since the launch of the Aldermore Broker Training Academy in 2014
     

Phillip Monks, chief executive officer at Aldermore (pictured above), said: “The response to the financial crash of 2008 needed to be new and radical; the traditional ways of doing things in the banking sector was over.

“Our success has been to rise to the challenge of delivering customers’ changing requirements and expectations in a fierce and often fractured financial sector.”

John Glen MP, economic secretary to the Treasury and City minister, added: “Aldermore has made a vital contribution to the UK retail banking sector as a challenger bank that creates greater choice for consumers and business.”

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