Fintech
Atom Bank’s profits rise 600% after best year
June 19, 2024
Written by FinTech Alliance
Atom Bank reported a 600% increase in operating profit, marking its strongest financial year yet.
The UK-based digital bank reported an operating profit of £27 million, driven by 39% growth in its loan book, which now stands at £4.1 billion. This includes a significant increase in residential and commercial mortgage balances. The bank attributes its success to an efficient and scalable business model, along with strategic investments and partnerships.