Aldermore surpasses £1bn of new asset finance lending

The specialist bank has reached the landmark figure following a number of key developments across its asset finance division.

This included the extension into new industrial sectors – such as telecoms and IT – as well as recruiting additional resource in its specialist underwriting function.

Aldermore also made its first acquisition in June, acquiring a 48% minority equity stake in asset and commercial finance funder AFS Group Holdings Limited.

Carl D’Ammassa, group managing director for business finance at Aldermore (pictured above), said it was delighted to have reached such a significant milestone and thanked its broker community for the opportunity to increase its lending to UK businesses.

“SMEs are the backbone of the economy and it is vital we continue to listen and deliver on their ever-changing needs. 

“While showing our deep understanding in a broad range of asset classes, we remain dedicated to helping SMEs seek and seize opportunities to grow.

“Our ability to differentiate Aldermore through the specialist nature of our underwriting and service to brokers, positions us well for the future.

“We will continue to invest in further enhancing our service and digital capabilities to maintain and hopefully further build upon this advantage.”