Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 438

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/everly.eu/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230
OakNorth Bank has approved over £600m in new loans since March - Everly.eu
8.6 C
New York
Friday, April 19, 2024
Home Fintechs OakNorth Bank has approved over £600m in new loans since March

OakNorth Bank has approved over £600m in new loans since March

OakNorth Bank received additional CBILS (Coronavirus Business Interruption Loan Scheme) allocation from the British Business Bank.

The bank has approved a total of £600m since the start of lockdown which makes it an average of £150 million per month in new loans.

Read also: Which challenger bank model is going to survive?

“While lockdown measures have continued to ease over the past month, things have hardly gone back to normal and there continues to be uncertainty around a potential second wave.”

“It is with this in mind that we must continue to support experienced management teams and businesses that were viable pre-pandemic,” said Ben Barbanel, Head of Debt Finance at OakNorth Bank

“This additional allocation from the British Business Bank will enable us to continue doing that in addition to the lending we’re doing outside of the schemes. We look forward to continuing our work with the British Business Bank,” he added.

OakNorth Bank offers debt finance loans between £500,000 to £50 million. The fintech claims it issued loans to several hotels: The Jade Hotel in South Kensington, Signet Hotel Group and Mitre Hotel in Hampton Court. OakNorth Bank also issued a loan to Red Oak Taverns – the national pub operator, and Waverstone so it could purchase 135 retirement apartments across the UK.

OakNorth is also doing great in outsourcing its technology as the fintech’s lending platform is licensed to 17 banks globally.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.