North East challenger bank Atom says it still intends to forge ahead with flotation plans – but only when the time is right. The Durham organisation – the UK’s first digital only app based bank – last week published strong results for the year ended March 1 2022, with income growing by over 200% in the year, driven by increases in its business and residential lending, as well as...
Challenger bank Atom on the verge of move into profit, it says
North East challenger bank Atom bank says it is poised to post a profit for the first time since its launch, following a year of financial progress. The Durham based business, the UK’s first app-based bank, said that after posting its first month of operating profit in the its first quarter of the financial year, Atom recorded operating profits for the remaining three quarters of the year ended...