Despite the surge, it was still down 63.8% from £205.8m in the same quarter in the previous year.

The specialist lender’s underlying profit before tax has risen to £38.2m, up 11.8% on the previous quarter and 4.7% on the same quarter in the previous year.

Its loan book dropped to £3.9bn, a 6.6% decrease compared with £4.2bn in the same quarter last year, and down 2.9% compared with £4bn in the previous quarter.

Group CEO designate Gerald Grimes (pictured above) said that, with strong levels of liquidity and capital, Together “remained focused on supporting our customers and shaping our business for the future”.

He added that the group was “well positioned to take advantage of future market opportunities and to play our part in supporting the UK's economic recovery”.

Following the issuance of a £500m bond in January, Together has undrawn funding headroom of over £1bn to support new lending.

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Marc Goldberg, commercial finance CEO at Together, added: “This is another really strong performance, driven by our focus on helping our customers to achieve their ambitions and the motivation, dedication and hard work of all of our colleagues.”

Pete Ball, personal finance CEO at Together, commented: “While the economy may be challenging for some time, with significant funding and our modernisation and transformation programmes underway, we are in good place to further improve 

Despite the surge, it was still down 63.8% from £205.8m in the same quarter in the previous year.

The specialist lender’s underlying profit before tax has risen to £38.2m, up 11.8% on the previous quarter and 4.7% on the same quarter in the previous year.

Its loan book dropped to £3.9bn, a 6.6% decrease compared with £4.2bn in the same quarter last year, and down 2.9% compared with £4bn in the previous quarter.

Group CEO designate Gerald Grimes (pictured above) said that, with strong levels of liquidity and capital, Together “remained focused on supporting our customers and shaping our business for the future”.

He added that the group was “well positioned to take advantage of future market opportunities and to play our part in supporting the UK's economic recovery”.

Following the issuance of a £500m bond in January, Together has undrawn funding headroom of over £1bn to support new lending.

Marc Goldberg, commercial finance CEO at Together, added: “This is another really strong performance, driven by our focus on helping our customers to achieve their ambitions and the motivation, dedication and hard work of all of our colleagues.”

Pete Ball, personal finance CEO at Together, commented: “While the economy may be challenging for some time, with significant funding and our modernisation and transformation programmes underway, we are in good place to further improve experiences for our customers, intermediaries and colleagues.”