Aldermore hits £1bn of new asset finance lending in 2017

By Carl D’Ammassa, group managing director – business finance

This year Aldermore reached the significant milestone of successfully providing over £1bn of asset finance to UK businesses.

Aldermore’s continued success was acknowledged by UK brokers at the recent NACFB awards when the property development team was recognised as best-in-class for their strong customer service, their wealth of knowledge and incomparable expertise in the industry.

The record £1bn milestone has been achieved as a result of various key developments across the bank’s asset finance division, including the extension into new industrial sectors such as telecoms and IT, as well as recruiting additional resource in its specialist underwriting function.

Several new appointments were also made to further strengthen the asset finance leadership team throughout the year, to help achieve the bank’s ambitious growth plans. In addition, Aldermore made its first acquisition in June, acquiring a 48% minority equity stake in leading asset and commercial finance funder, AFS Group Holdings Limited.

Carl D’Ammassa, group managing director – business finance, said: “We are delighted to have reached such a significant milestone this year and would like to thank the broker community for providing us with the opportunity to increase our lending to UK businesses. SMEs are the backbone of the economy and it is vital we continue to listen and deliver on their ever-changing needs.

“While showing our deep understanding in a broad range of asset classes, we remain dedicated to helping SMEs seek and seize opportunities to grow. Our ability to differentiate Aldermore through the specialist nature of our underwriting and service to brokers positions us well for the future. We will continue to invest in further enhancing our service and digital capabilities to maintain and hopefully further build upon this advantage.”

Throughout 2018 Aldermore will continue to build on this achievement by aiming to offer even better service and products to UK SME housebuilders.