Shawbrook is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. We are a growing UK specialist bank that challenges the conventional approach of the mainstream banks, with our thoughtful and good-sense approach to the way we do business. As at 31st December 2020 our total lending reached £7.1 billion and we have now raised more than £6.9 billion in deposits from both personal and business customers.
Shawbrook’s is underpinned by our funding diversification strategy and prudent capital management. In addition to our Retail funding we have established a funding structure, comprising subordinated notes and BTL residential mortgage-backed securitisations (‘RMBS’).
We are required under the Capital Requirements (Country-by-Country Reporting) Regulations 2013 to disclose certain information for each country in which we operate. Shawbrook Bank Limited is based solely in the UK, therefore all information for the UK is contained in our 2020 Annual Report and Accounts.
For the year end 31 December 2020 (Shawbrook Group plc)
For the year end 31 December 2020 (Shawbrook Bank Limited)
For the year end 31 December 2019 (Shawbrook Group plc)
For the year end 31 December 2019 (Shawbrook Bank Limited)
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To review our half year results for 2018, please click here
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The Board is committed to the highest standards of corporate governance and we adhere to all elements of the UK Corporate Governance Code. The Board has responsibility for ensuring that the Group is managed effectively and in the best interests of its shareholders, customers, employees and other stakeholders (including regulators), and its principal banking subsidiary, Shawbrook Bank Limited. Following the change of ownership of the Group, the commitment to retaining Board and Committee independence was formalised by the adoption of a Framework Agreement and Memorandum of Understanding governing the ongoing interactions between the Board, Executive management and the Shareholder. These have formalised governance arrangements to ensure that appropriate challenge and independence remains, so supporting the interests of investors, customers, employees, the regulators and other key stakeholders. The Board operates within a formal schedule of matters reserved which is reviewed regularly, which can be found under ‘Constitutional and other Governance documents’ in the drop down list below. Additionally, the Board delegates specific powers for some matters to Board Committees, with the outputs from each Committee meeting reported to the Board regularly, thus ensuring the Board maintains the necessary oversight. More detail on the Committees and their work is described in the separate Committee sections in the drop down list below.
An externally facilitated Board effectiveness review will be undertaken during 2018 to further ensure the effectiveness of the framework. An effectiveness review carried out in 2016 provided confirmation that the Board has provided effective oversight of the business, and has been highly engaged both in developing robust risk policies and frameworks and in guiding longer term plans and strategies.
The Board currently consists of 9 members, namely the Chairman, five Independent Non-Executive Directors, two Executive Directors and two Institutional Directors.
The Non-Executive Directors have strong and relevant experience across all aspects of banking and specifically have relevant skills in financial management, regulatory, credit assessment and pricing, liability management and conduct matters. To ensure the Board continues to have an appropriate balance of skills, these skill sets are reviewed annually through the completion of a skills matrix which is considered by the Nomination Committee and the Board.
The written terms of reference of the Committees, including their objectives and the authority delegated to them by the Board. All Committees have access to independent expert advice and the services of the Company Secretary. The Chairman of each Committee reports to the Board. The constitution and terms of reference of each Committee are reviewed annually to ensure that the Committees are operating effectively and any changes considered necessary are recommended to the Board for approval.
The Board delegates daily management responsibility for the Group to the Executive Committee, which meets three times a month. The Executive Committee is responsible for developing the business and delivering against a strategy approved by the Board and ensuring effective monitoring and control mechanisms. There are also a number of executive sub-committees, as below, which assist the Executive Committee in discharging its responsibilities.
Our five strategic pillars and how we achieve them:
Ensure that the loan book is sustainable over the long term when markets may not be so benign
Please refer to the financial calendar for the dates of future announcements.
Please either write to our registrar or contact us using the following details:
Shawbrook Group plc
Warley Hill Business Park
By Email: firstname.lastname@example.org
15 Canada Square
Royal Bank of Scotland plc
Slaughter and May
One Bunhill Row