Fledgling bank posts maiden profit

Fledgling bank Aldermore unveiled its first annual profit as its drive to challenge the big high street players gathers pace.

The Peterborough-headquartered group, which has lent £1 billion to small businesses and the same amount to homeowners since its launch in 2009, edged into the black with profits of £759,000 in 2012, against losses of £899,000 the year before.
%VIRTUAL-SkimlinksPromo%