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