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Challenger Bank OakNorth Expecting Higher Post-Brexit Lending Demand
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Challenger Bank OakNorth Expecting Higher Post-Brexit Lending Demand

Challenger Bank OakNorth Expecting Higher Post-Brexit Lending Demand

Fintech Nexus Staff·
EuropeNews RoundupOnline Lending
·Jan. 9, 2017·1 min read

UK challenger bank OakNorth has hired three new senior executives in anticipation of higher lending demand post-Brexit; Georgy Naydenov and Stuart Blair will join OakNorth as debt finance directors and David Webley was hired as a credit director; the bank’s loan book has grown by 300% since the June referendum vote with loans of 300 million British pounds ($368.85 million); for 2017 it anticipates lending over 500 million British pounds ($614.75 million).  Source

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