Starling Bank reports a 55% surge in pre-tax profits to £301.1m, driven by higher interest rates.

Starling Bank reports a 55% surge in pre-tax profits to £301.1m for the year ending March 31, driven by higher interest rates. The UK's largest mobile-only bank increased revenues by 51% to £682.2m and total deposits by 4% to £11bn. Starling is now "an established part of the UK banking scene," according to Chairman David Sproul, and plans for a London stock market listing are under active discussion.

June 12, 2024
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