Asset finance has been cited
as one of the strongest areas of growth in terms of funding SMEs at
UK bank Aldermore.

Lending to SMEs via the
bank’s leasing unit rose 206% to £69.8m (€79.2m) as of 31 December
2010, from £22.m the year before.

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Aldermore has increased
deposits by more than 176% to £633.6m at the end of 2010, rising
from £229.6m at the end of 2009.

Aldermore CEO Phillip Monks said: “We have plenty of
headroom to lend to the UK’s small and medium-sized
businesses.”

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