UK’s OakNorth Bank Boosts Profit as Firm Kicks Off US Expansion
- CEO says lender is looking for opportunities in the US
- OakNorth grew its loan book 22% to £3.8 billion last year
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OakNorth Bank Plc reported a 23% jump in pretax profit last year, driven by increased lending and the start of its US expansion.
The London-based business lender said Monday its annual pretax profit rose to £187.3 million ($236 million). OakNorth grew its total loan book 22% to £3.8 billion.