OakNorth Bank #
OakNorth Bank is a UK bank for scaling businesses that provides loans and both business and personal savings accounts.
Size: 214k clients
Revenue: £152.3m 2022 Annual Revenue
Activity: 100k monthly visits
Unique Selling Proposition #
OakNorth Bank focuses on providing bespoke financing solutions that are structured around the unique needs and operational metrics of the borrowing business. This contrasts with the more ‘one-size-fits-all’ approach commonly found in traditional banking institutions.
Future Prospects #
Targeting to be net zero for all our Scope 1, 2 and 3 emissions, including those we finance, by 2035. Driving for a 60% reduction in Scope 3 financed emissions from our loan book by 2030 (down from a 2022 baseline). Working towards making sure all our new property financing loans have a path to an EPC rating of at least B by 2030 Today, 83% of OakNorth-funded property investments have an EPC rating of C or above.