The move follows an internal appraisal by the challenger bank and comes despite news from the NACFB which reported a 43.8% increase in invoice finance business over the past 12 months in its annual survey.
“Following a review, Aldermore is proposing to streamline its invoice finance team structure and this may unfortunately result in a reduction in the number of roles across our regional network,” Aldermore stated.
“We are currently consulting with those impacted regarding their individual roles and alternative roles within the bank.”
Aldermore also said it remained committed to increasing the support it provided to small and medium-sized business including invoice finance.
Aldermore, which increased total lending to SMEs by 12% to £2.5bn in the first six months of 2015, said, “These changes will not affect our growing customer base.”
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