The specialist bank, which owns The Mortgage Lender, says its loan book rose by 22% to £10.5bn by the end of December compared to a year ago, “driven by our diverse offering and further expansion across our markets”.  

The group, which also lends to small firms and holds savings, saw “strong originations, particularly in our core SME and real estate markets”.    

It adds its profits were also lifted by an improvement of its net interest margin improvement – the difference between what it pays to savers and charges to borrowers – as the Bank of England raised interest rates a series of times in 2022.  

Deposits rose “circa 31%” to £10.9bn over the period.  

Earlier this month, the bank bought specialist lender Bluestone Mortgages in a cash and shares deal for an undisclosed sum.    

Bluestone Mortgages has originated over £1.8bn since its launch in 2014, and currently manages a book of over £1.3bn residential loans.    

Shawbrook chief executive officer Marcelino Castrillo says: “2022 was an exceptionally good year for Shawbrook.”  

“While the external landscape changed significantly over the course of 2022, the flexibility of our model continued to play to our advantage.   

“We are well positioned for further sustainable growth across our diverse markets and remain alert to further inorganic opportunities.”