The 2008 financial crisis created a perfect storm in financial services β an upheaval in regulation to improve competition and reduce the barriers to entry for new players, the explosion of smartphones popularity which meant consumers began managing their personal finances on the go for the first time, and a lack of trust in traditional […]
OakNorth Bank β the UK bank for entrepreneurs by entrepreneurs β today announces the further strengthening of its Board of Directors with the appointment of Timo Boldt as a Non-Executive Director. Timo Boldt is the Founder and CEO of Gousto, which pioneered the recipe box offering in the UK when it was established in April […]
When starting out as an entrepreneur, the only thing thatβs guaranteed, no matter what your level of business acumen, is that you are about to embark on a never-ending learning curve.Β Youβll encounter challenges and lessons at every step of the way. In my experience, one of the key components to successfully navigating the journey […]
There are many bankers and many chartered surveyors, but very few are both. Our Director of Debt Finance Greg Manson has recently qualified as a Member of the Royal Institute of Chartered Surveyors, and he shared with us how having the knowledge of both industries gives him an edge when making lending decisions.Β Iβve been […]
This week we released our annual report, which highlighted the ways we directly address our environmental and social conduct. Our sustainability and governance goals go hand-in-hand with our wider vision β to empower small and medium-sized businesses with financial support, and in turn create jobs, boost productivity, drive innovation, and increase economic prosperity across communities […]
OakNorth Bank has today published its 2021 Annual Report, revealing a 73% increase in pre-tax profits to Β£134.5 million[1] (up from Β£77.6 million in 2020), and a 60% increase in new lending to Β£1.8 billion (up from Β£1.1 billion in 2020). By delivering this growth, OakNorth Bank deepened its support for UK businesses, powered by […]