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Shawbrook Group PLC on Thursday said its first quarter performance was ‘strong’ and asset quality ‘robust’ as it reported growth in its loan book and higher deposits. The Essex, England-based digital banking platform said its loan book increased 2.6% to £19.7 billion in the three months to March from £19.2 billion the year prior, as deposits grew 1.9% to £18.7 billion from £18.4 billion. The CET1 ratio rose to 12.6% from 12.4%, with a total capital ratio of 14.9%, up from 14.8%. Chief Executive Marcelino Castrillo said financial performance was ‘strong’ in the quarter, while asset quality remained ‘robust’. Three-month-plus arrears were 1.7% compared to 1.6% a year ago, ‘within management expectations’. ‘We see attractive opportunities for growth within the specialist markets we serve, underpinned by a [total addressable market] of [around] £300 billion, CEO Castrillo added. For 2026, Shawbrook forecast a loan book of around £21 billion, cost to income ratio of below 38%, a CET1 ratio - pre-Basel 3.1 - of greater than 13.2% and an underlying return on tangible equity of around 17%. In addition, Shawbrook reiterated medium-term guidance for loan book growth of low double digits; cost to income ratio of mid 30s; underlying pretax profit growth of mid-high teens; underlying return on tangible equity of high-teens; a maiden ordinary dividend in respect of FY26 results and a CET1 ratio of 12% to 13%. Shawbrook traded 0.5% higher at 310.50 pence each in London on Thursday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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