Together loan book reaches £3.25bn

Together has reported a 24.9% rise in average monthly loan originations to £171.7m in its quarterly results to 31st December 2018, compared with the same quarter in the previous year.

The specialist lender announced a profit before tax of £31.2m, while the group’s loan book reached a new high of £3.25bn.

“Together achieved strong lending volumes in the second quarter, with our commercial finance and personal finance businesses both achieving increased levels of originations to drive the loan book to a new high of £3.25bn,” said Mike McTighe, group chairman at Together.

“We also further extended our reach into the mortgage networks and clubs during the quarter, launching our bridging products via these channels, and added additional breadth and maturity to our funding.”

Marc Goldberg, commercial finance CEO at Together (pictured above), added: “Accomplishing these results would not be possible without the hard work and dedication of our 750 colleagues who continue to deliver positive outcomes and great service to our customers.

“The future is very exciting for everyone at Together and we look forward to continuing to grow the business and helping more individuals, families and businesses to access the finances they need.”

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