Shawbrook: Underlying profit dips as challenger bank’s margins narrow Banking Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.
Shawbrook to acquire high-end auto lender in bid to expand motor finance offering Banking Challenger bank Shawbrook has struck a deal to acquire motor finance lender JBR Auto Holdings as it looks to expand its car loan offering.
Shawbrook Bank delivers steady lending growth as specialist focus pays off Banking Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.
Shawbrook delivers jump in profit on higher interest rates and lending growth March 28, 2024 Challenger bank Shawbrook has posted a jump in annual profit on the back of interest rate hikes and higher lending.