Tagged: loan book

AIB to Sell UK Small Business Loan Book to London’s Fintech Challenger Allica Bank

AIB revealed on Tuesday (November 23, 2021) that it has decided to sell its British small business loan book to London-headquartered Fintech challenger Allica Bank. But the £600 million (appr. €715 million) size of the portfolio is considerably smaller than the recently reported £1 billion… Read More

UK based Digital Bank Starling Acquires £1B Mortgage Loan Book from Kensington Mortgages

UK-based digital banking platform, Starling Bank has reportedly acquired a mortgage book valued at about £1 billion as the Fintech tries to challenge the United Kingdom’s established banks. Starling Bank has reportedly obtained the home loans portfolio from Kensington Mortgages, which offers financing for clients… Read More

White Oak Facilitates £400 Million Under Corona Loan scheme to UK small businesses

London-based digital lender White Oak has facilitated loans worth £400 million to SMEs impacted by the pandemic under the Coronavirus Business Interruption Loan Scheme (CBILS). Talking about the adverse impact of the pandemic on small businesses across the UK, Andy Davies, Managing Director of White… Read More

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