Figures released by the Bank of England have again placed Aldermore among the top two lenders to SMEs in the Funding for Lending Scheme (FLS). The Bank has been one of the top three lenders to SMEs in the Scheme for the past six consecutive quarters.
Aldermore’s net new lending to SMEs, as part of the Scheme, in the second quarter of 2015 was £122m. This continues the Bank’s sustained lending growth to UK SMEs, with the bank having lent a total of £254m to SMEs through the FLS in 2015.
Commenting on the figures, Carl D'Ammassa, Group Managing Director - Business Finance, Aldermore said: “We are delighted to remain a top two lender to Small and Medium-sized Enterprises in the Funding for Lending Scheme. This highlights our commitment to helping small and medium-sized businesses to grow and demonstrates the importance of newer lenders in the UK.
“We know how important SMEs are to the continuing economic recovery and it is imperative that banks focus on providing flexible finance for SMEs, as well as wider support in the form of understanding individual business needs and good customer service. We pride ourselves on listening to our SME customers and giving them the support they need to invest in and grow their business.”