Shawbrook Group plc ('Shawbrook' or the 'Group') today issues its trading update for the nine months ended 30 September 2025 ('Q3 2025').
Marcelino Castrillo, Chief Executive Officer, commented: "In our first trading update since returning to the public markets, we are pleased to report continued growth across our diversified lending markets and deposit franchise, demonstrating the strength of our business model and disciplined execution.
We enter the final quarter of 2025 with strong momentum, a resilient balance sheet and a clear strategic focus. The Group remains well positioned to continue to enhance our customer proposition, deliver against our medium-term targets and generate attractive, sustainable returns for shareholders."
Strategic highlights
- Completed the strategic acquisition of ThinCats Group Limited ('ThinCats'), adding a £0.6 billion loan book and experienced team, accelerating expansion in SME lending, a growing and attractive segment.
- Continued roll out of our proprietary Digital Savings platform to Business Savings originations, extending our award-winning proposition to SMEs and enhancing diversity and resilience of our deposit base.
- Partnered with Hargreaves Lansdown to power its first branded cash savings product, demonstrating Shawbrook's position as the specialist banking partner of choice for leading financial platforms.
- On 4 November 2025, Shawbrook was admitted to trading on the Main Market of the London Stock Exchange, a significant milestone which positions the Group well for continued growth across our selected markets.
Financial highlights
- Loan book increased to £18.25 billion1 (31 December 2024: £15.93 billion), with growth supported by strong organic demand across both specialist Commercial and Retail markets and the acquisition of ThinCats.
- Deposit book grew by 15% on an annualised basis to £17.58 billion (31 December 2024: £15.80 billion).
- Credit quality remained stable, with a cost of risk of 45bps (FY 2024: 47bps) and arrears ratio of 1.9% (FY 2024: 1.7%).
- Adjusted underlying return on tangible equity remained robust at 17.8%2 (FY 2024: 17.5%).
- CET1 capital ratio was 12.6%3 (31 December 2024: 13.0%) and total capital ratio was 15.1%3(31 December 2024: 15.9%).
- The Group continues to assess its exposure to historical regulated motor finance lending; however, based on its initial conclusions, the Group anticipates any redress liability to be immaterial.
