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H1 2024 Performance Highlights
"Throughout H1 2024, we saw continued positive demand for our products and delivered annualised growth of 15% in our loan book and 21% in deposits.
We continue to focus on our strategic initiatives, which include further digitalisation, organic growth and acquisition opportunities, as highlighted by our recently announced agreement to acquire JBR Auto Holdings Ltd which is set to complete in H2 2024.
This is underpinned by strong and prudent capital and liquidity management. I believe that we are well positioned to support our customers going forward and our proven business model will continue to deliver attractive returns through the cycle."
- Dylan Minto, CFO
Shawbrook in numbers
Exceptional customer franchise
3
Customer Franchises15
Customer verticals4.6 / 5
Trustpilot score* (2023: 4.7/5)c.550,000
Customers served (H1 2023: c.450,000)Innovative mindset driving growth
15%
Annualised loan book growth to £14.3 billion (FY 2023: £13.3 billion)4.2%
Net interest margin (H1 2023: 5.2%)£124.5 million
Underlying profit before tax (H1 2023: £149.3 million); £127.1 million Statutory profit before tax (H1 2023: £135.1 million)84%
Employee engagement score (2023: 84%)1,583
Employees (H1 2023: 1,355)**Robust and sustainable platform
42.1%
Underlying cost to income ratio (H1 2023: 36.6%); 41.2% Statutory cost to income ratio (H1 2023: 41.5%)64 bps
Cost of risk (H1 2023: 61 bps)14.5%
Underlying return on tangible equity (H1 2023: 20.5%); 14.8% Statutory return on tangible equity (H1 2023: 18.4%)12.6%
CET1 ratio (FY 2023: 12.9%)15.9%
Total capital ratio (FY 2023: 16.4%)* The Group’s total Trustpilot score (excluding The Mortgage Lender Limited (TML) and Bluestone Mortgages Limited (BML) as at June 2024.
** The Group’s six-month average number of employees, calculated in line with the Companies Act requirement.
Results, reports & presentations
2024 Performance
Half Year Results
Quarterly Trading Results
2023 Performance
Full Year Results
- 2023 full year results (Shawbrook Group PLC)
- 2023 full year results (Shawbrook Bank Ltd)
- 2023 full year investor presentation
Reports
Half Year Results
Quarterly Trading Results
2022 Performance
Full Year Results
Presentations
Reports
Half Year Results
Quarterly Trading Results
2021 Performance
Full Year Results
Reports
Half Year Results
Quarterly Trading Results
2020 Performance
Full Year Results
Reports
Half Year Results
Quarterly Trading Results
Archive
Full Year Results
- 2019 full year results (Shawbrook Group PLC)
- 2019 full year results (Shawbrook Bank Limited)
- 2018 full year results
- 2017 full year results
- 2016 full year results
- 2015 full year results
- 2014 full year results
- 2013 full year results
- 2012 full year results
- 2011 full year results
Half Year Results
- 2019 half year results
- 2018 half year results
- 2017 half year results
- 2016 half year results
- 2015 half year results
- 2014 half year results
Pillar 3 Disclosures
Financial Calendar
27 March 2024 - 2024 year end results
Our Advisers
Independent Auditor:
KPMG LLP
15 Canada Square
London E14 5GL
Bankers:
Royal Bank of Scotland plc
Bishopsgate
London
EC2M 4RB
Solicitors:
Slaughter and May
One Bunhill Row
London
EC1Y 8YY
Our ESG strategy
Focusing on those areas in which we can deliver the greatest impact
Environment
We want to play our part in enabling a just transition1 to net zero by leveraging our insights and expertise
- Support the climate transition
- Reduce our climate impact
- Embed climate into our business DNA
Social
We want to boost social mobility, champion equality and diversity and create an inclusive environment for all by leveraging our capabilities, networks and people
- Support customers with specialist finance
- Attract and retain the best talent
- Give back to our communities
Governance
We are committed to operating under a robust governance framework which underpins our purpose and serves all of our stakeholders
- Effective Board and management structures
- Maintain robust governance and risk management
- Transparent and accountable disclosures
1 We use the term ‘just transition’ to describe applying a social lens to opportunities and risk arising from the climate transition, with the interests of employees, communities and customers in mind, to ensure it is fair and inclusive for all actors in society.
Our business
About Shawbrook
Shawbrook provides finance to a wide range of customers who value the premium experience, flexibility and certainty we deliver. We are a purpose-led organisation, with a focus on delivering long-term sustainable value for all our stakeholders.
Sustainability
Our sustainability strategy is designed to create value for our customers, colleagues, communities, suppliers and shareholders, while having a positive impact on society and the wider environment.
Saracens sponsorship
As official banking partner of Saracens Rugby Club, we are proud to champion elite women’s sport by supporting the growth of both women’s rugby and netball as lead sponsor of the Mavericks.