Vida Bank’s mum or dad posted gross mortgage lending that more than doubled to £348m within the first six months of the yr.
Vida Group Holdings stated its lending operation had made a robust begin in its first full yr as a financial institution, after gaining regulatory approval in November 2024.
Mortgage lending jumped 111% within the six months to the tip of June from a yr in the past.
The group stated the financial institution was in a position to leverage its “new retail deposit franchise to strengthen funding, decrease value of funds, and assist mortgage origination”.
It took in £1.1bn in retail deposits in 2025, leaving its retail deposit e-book standing at £1.3bn.
The financial institution added that its retail deposits have “remodeled the funding base, lowering wholesale dependence and asset encumbrance”.
The group posted a half-year pre-tax revenue of £10.7m from £1.9m a yr in the past, and forward of its full-year 2024 revenue of £3.6m.
Vida Group Holdings chief government Anth Mooney stated: “This was a robust first half for Vida, reflecting the advantages of our new banking licence, a more diversified funding base, and continued operational self-discipline. Retail deposits have remodeled our steadiness sheet and materially lowered our value of funds, supporting worthwhile mortgage development.”
“With mortgage purposes of over £2bn yr up to now and a present pipeline of £600m, we now have continued to see robust demand for our mortgage merchandise from brokers and clients.
“We’ve seen document demand in September and anticipate a robust end to the yr as momentum continues.”
