Aldermore

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Aldermore Bank plc
Public
Traded as LSEALD
Industry Finance
Founded 2009
Headquarters Reading, Berkshire
Key people
Glyn Jones (Chairman)
Phillip Monks (CEO)
Products Financial services
Revenue £300.4 million (2015)[1]
£105.1 million (2015)[1]
£78.3 million (2015)[1]
Website www.aldermore.co.uk

Aldermore Bank is a retail bank which provides financial services to small and medium-sized businesses. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Aldermore was established by Phillip Monks with backing from private equity company, AnaCap Financial Partners LLP, in 2009.[2]

It raised £62 million of further investment from a consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management, and the Ohio Public Employees Retirement System in August 2011[3] and it received an additional capital investment from Centerbridge Partners when it issued a £36 million subordinated bond in May 2012.[4]

Aldermore was recognised as a ‘challenger’ bank by the media,[5] and launched a successful initial public offering in March 2015.[2]

Operations

Aldermore provides financial services to small and medium-sized businesses.[6] Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages.[7]

Affiliations

Aldermore is the sponsor of the National Association of Commercial Finance Brokers (NACFB),[8] and a member of the Council of Mortgage Lenders.[9]

References

  1. 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
  2. 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found.
  3. Lua error in package.lua at line 80: module 'strict' not found.
  4. Lua error in package.lua at line 80: module 'strict' not found.
  5. Lua error in package.lua at line 80: module 'strict' not found.
  6. Lua error in package.lua at line 80: module 'strict' not found.
  7. Lua error in package.lua at line 80: module 'strict' not found.
  8. Lua error in package.lua at line 80: module 'strict' not found.
  9. Lua error in package.lua at line 80: module 'strict' not found.

External links