Atom Bank has reported a monthly report for the first time in the company’s eight-year history, with all aspects of the business showing steady growth, according to Finextra.
The new milestone was revealed in the bank’s quarterly interim results to end-June. The figures show Atom exceeding £3 billion in residential mortgage completions and attracting £1bn in deposits into its recently-launched Instant Saver accounts, raising the total deposit base to £2.5 billion.
“It’s been an outstanding quarter for Atom,” says CEO Mark Mullen. “Atom achieved a monthly operating profit for the first time in the company’s history and we’re determined to accelerate further and faster both this year and next as we continue our journey towards sustainable profitability and IPO.„
He says the bank expects to deliver month-on-month profit later this year as it bids for longer-term earnings ahead of possible future listing sometime in 2022/23.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
