Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn

Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn

City A.M.

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Allica Bank has reported its first annual profit since it launched three years ago, with its revenue more than doubling on the back of bumper lending growth, a surge in deposits and a boost from higher interest rates.

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