“We’re pleased to have delivered another strong period of performance, driven by healthy underlying trading, and prudent management of our costs. We continue to focus on building our resilience and ability to navigate a still-challenging economic environment, with ongoing inflationary pressures. Although interest rates may decline further this year, they remain elevated, and we’re proud to have grown our lending to continue to support our customers, helping empower them to live their lives and successfully build their businesses.

“This growth is underpinned by our strategic focus on delivering long-term value for our customers and shareholder, leaving us well placed for the year ahead and for the longer-term. Our recent first-time Baa2 long-term issuer rating from Moody’s recognises both the Group’s financial strength and the credibility of its strategic plan.”

Steven Cooper, CEO of Aldermore Group