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Shawbrook bank posts rise in Q1 underlying profit
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The lender, which was founded in 2011 and went public last year, said underlying pretax profit rose 20 percent to 22.3 million pounds for the quarter ended March 31.
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British bank Shawbrook reported a jump in first-quarter underlying pretax profit on Thursday, and said it would grow customer loan balances to 8.5 billion pounds ($12.34 billion) by 2020.
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The bank's net loans and advances grew 6 percent to 3.57 billion pounds in the period.
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