Masthaven Bank hits £0.5 billion asset milestone
Masthaven is celebrating reaching £0.5 billion in assets since its launch as a retail bank in 2016.
"We still feel like we are only just getting started, but it’s important both for our team and customers to celebrate these moments and say thank you for their support."
The Bank also revealed that it has generated £1bn of loan applications and opened over 15,000 savings accounts over the two years.
Last month, Masthaven secured a £60m equity investment from global investment firm Värde Partners
Masthaven says the investment will enable it to "significantly increase lending to consumers and SMEs over the next three to five years as well as provide innovative deposit solutions to Masthaven’s customers".
Jon Hall, Masthaven’s managing director, said: “We still feel like we are only just getting started, but it’s important both for our team and customers to celebrate these moments and say thank you for their support."
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