Corporate
Despite the ongoing impact of COVID-19, OakNorth Bank continues to see strong lending opportunities, approving £50m in new loans since lockdown began and £36m in CBILS loans
Since the UK went into lockdown, OakNorth Bank has approved £50m in new loans to fund a hotel refurbishment, an acquisition of 131 retirement units across the UK, and a fund buy-out; In addition to this, OakNorth Bank has approved over £36m of loans through the government’s Coronavirus Business Interruption Loan Scheme (CBILS) since being […]
Corporate
OakNorth Bank helps support British businesses through the Covid-19 crisis, approving over £36m of new loans in the last two weeks
British businesses are in desperate need of capital to see them through the Covid-19 crisis, but many are struggling to obtain the debt finance they need from their clearing bank as quickly as they need it; OakNorth Bank has applied to join CBILS and is awaiting accreditation from the British Business Bank; In the meantime, […]
Corporate
OakNorth Bank sees pre-tax profits jump 95% in 2019 to £65.9m and becomes one of the first banks globally to achieve net carbon zero
In just four years since launch, OakNorth Bank has become Europe’s fastest-growing company[1] and ranks amongst the top 1% of banks globally in terms of performance[2]; Using the OakNorth platform, the Bank has profitably lent over £4bn to British businesses since its launch in September 2015, and attracted deposits from 144,000 savers; Its loans have […]
Corporate
With over £2.2bn of qualified SME loans in the pipeline, OakNorth Bank expands debt finance team and opens Birmingham office to support businesses in the Midlands
Despite the general election being less than a week away and ongoing Brexit uncertainty, British businesses are clearly still keen to borrow and pursue their growth plans; In response to this and its over £2bn lending pipeline, the bank is once again expanding its debt finance team with four new hires; Steve Mitchell and Marcus […]
Corporate
Despite ongoing economic uncertainty, OakNorth Bank continues supporting British SMEs with senior lending hires in Manchester, the Midlands and the South West
To date, OakNorth has lent £3bn, helping to create 10,000 new homes and 13,000 new jobs across the UK[1]; OakNorth’s regional expansion will come as a welcome sign to British businesses that it has every intention to continue supporting them at a time when many lenders will be retrenching from the market; Overseeing lending operations […]