Oak North Bank is a leading digital Challenger bank in the UK market. OakNorth secured a full banking licence in March 2015 and began deposit taking and lending six months later. The company achieved full year profitability of £9.5 million in 2017 OakNorth operates in the following two key lending segments: - Business Lending: which is primarily cash-flow based lending to companies that have funding requirements, including (but not limited to) growth, working capital and acquisitions. Many of these loans also benefit from additional tangible collateral such as fixed assets, debtors or stock; and - Property Finance: which includes the financing of new developments and refurbishments as well as medium-term property investment funding.
7.75%
7.8%*
7.8%*
01 Jun 2028
Next Interest Payment
01 Jun 2020
Interest Period
6 months
XS1713463047
Unsecured
£50,000,000
Unrated
01 Jun 2023 at 100
Status
Payments on time
* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.
Company Legal Name
Industry
Banks & Financials
Country of Origin
UK
Year of Incorporation
2013
Ownership Status
Private
Source: Public Company information
£100.0
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