OakNorth Bank

OakNorth Bank #

OakNorth Bank is a UK bank for scaling businesses that provides loans and both business and personal savings accounts.

Website: https://oaknorth.co.uk/

Region: UK

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.

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