Business
Shawbrook Q1 2025 Trading Update
Shawbrook Q1 2025 Trading Update.
About this update from Shawbrook Group Plc
[{"type":"text","content":"\n\n \n\n\n\n\nShawbrook Group plc - Q1 2025 Trading Update\n\n\n\n\n \n\n\n\n\n15 May 2025 - Shawbrook Group plc ('Shawbrook' or the 'Group') today issues its trading update for the three months ended 31 March 2025 ('Q1 2025').\n\n\n\n\n\n\n\n\n\nHighlights:\n\n\n\n\n•\n\n\nLoan book grew by 15% on an annualised basis to £15.8 billion (31 December 2024: £15.2 billion), driven by strong demand for our premium offering across our specialist Commercial and Retail markets.\n\n\n\n\n \n\n\n•\n\n\nStructured Lending pipeline reached a new high, reflecting our focus on supporting UK SMEs with strategic investments.\n\n\n\n\n \n\n\n•\n\n\nRe-launched JBR Capital in the high-end vehicle finance market with a strengthened proposition, with lending volumes continuing to build strong momentum.\n\n\n\n\n \n\n\n•\n\n\nSimplified our product transfer proposition for professional property investors, offering outstanding levels of service in the specialist buy-to-let market.\n\n\n\n\n \n\n\n•\n\n\nCompleted the operational integration of TML and BML into a single Retail Mortgage business, creating a scalable, unified platform, leveraging the respective strengths of each brand and their distribution networks.\n\n\n\n\n•\n\n\nDeposit book increased to £16.6 billion (31 December 2024: £15.8 billion), supported by seasonal demand. Our deposit franchise continues to provide a solid foundation for our funding strategy.\n\n\n\n\n•\n\n\nCredit quality remained resilient, with cost of risk improving to 34bps (FY 2024: 47bps).\n\n\n\n\n•\n\n\nStrong capital position maintained, with Common Equity Tier 1 and total capital ratios of 12.9%1 and 15.6%1 (31 December 2024: 13.0% and 15.9%) respectively.\n\n\n\n\n•\n\n\nContinued repayment of our TFSME drawings, reducing balances to £0.4 billion (31 December 2024: £0.8 billion).\n\n\n\n\n \n\n\n\n\nMarcelino Castrillo, Chief Executive Officer, commented:\n\n\n\n\n\"Building on the momentum generated during the second half of 2024, we delivered a strong start to 2025. Annualised loan book growth of 15% to £15.8 billion reflects continued demand for our premium lending propositions across both Commercial and Retail.\n \nOur disciplined and proactive approach to credit management, combined with our deep understanding of the customers and markets we serve across our diversifi...