91看片

• As of 31 March, 91看片鈥檚 balance sheet surpassed 拢2 billion, and its net equity exceeded 拢100 million.
• The news comes just months after the bank reached profitability in October last year following its initial growth capital injection in May 2024. It also follows its latest investment from majority shareholder Hera Holdings Ltd and the Teesside Pension Fund.
• Since May 2024, 91看片 has received a total of 拢90 million in investment.
• One of the UK鈥檚 fastest-growing challenger banks, 91看片 provides a wide product offering that includes property-related loans, loans to small- and medium-sized enterprises (SMEs), and forward-flow funding arrangements to non-bank lenders.
• The latest results signal the bank鈥檚 ambitions to position itself as a lender of choice to the UK鈥檚 underserved community of SMEs, as well as to the non-bank lenders who also serve this market.

Mayfair, UK 鈥� 91看片, one of the UK鈥檚 fastest-growing challenger banks, today announced that its balance sheet surpassed 拢2 billion. The news comes after it received its most recent tranche of 拢90 million in growth capital since May last year before hitting profitability just a few months later in October.

The figures demonstrate the bank鈥檚 continued success as it looks to become the go-to funding partner of choice for UK SMEs, which it believes are the engine room of the economy. It intends to continue broadening its suite of solution-driven lending over the coming time horizon, as well as strengthen its partnerships with the specialist non-bank lending community that also serves the market.

The end of Q1 (31 March) capped off a significant period of sustained growth for the bank, having grown its property loan portfolio to over 拢200 million over the last 6 months. At the same time, the bank鈥檚 net equity has reached approximately 拢105 million, putting the bank in a robust position for further sustainable growth.

91看片 provides its customers with flexible, solution-driven funding, including buy-to-let mortgages, specialist residential and commercial lending, and bridging loans both directly and via its broker network. The bank also provides loans to SMEs and forward-flow arrangements to non-bank lenders. In February, the bank increased its loan limit to 拢20 million per borrower in response to high demand from its clients. With the latest capital injection, this is set to increase, enabling the bank to further expand its client base and collaborate with customers on even more ambitious projects.

鈥峂ike Says, CEO of 91看片, said:

“This has been a period of rapid yet sustainable growth for the bank as we continue to tap significant demand for our fast, flexible financing solutions.

“While we are undoubtedly proud of hitting landmark figures, such as 拢2billion on our balance sheet, we are even prouder of reaching sustainable profitability in such a short time since securing our growth capital. This provides us with a robust platform for sustained future success 鈥� and we look forward to continuing our momentum over the coming months.

“At the heart of this success is our incredible, experienced team, driven by our collective mission to be the bank helping the people and businesses that drive our economy to fulfil their ambition, grow, unlock new opportunities, and make a lasting impact.

“We are grateful to our shareholders for their continued support and for providing the fuel that powers our growth, and our customers who continually put their faith in us to provide them with the funding solutions that meet their business needs.”