Wrexham-based Chetwood Bank has announced that its balance sheet has exceeded £5 billion for the first time.
In March 2024, Chetwood Bank’s balance sheet totalled £3.1 billion, reaching £4 billion by May 2025. It has now reached the £5 billion milestone, which it says demonstrates how quickly the bank’s customer base is growing.
The digital challenger bank has reached this latest milestone just as plans were announced to open a fourth office in Manchester in the coming months, adding to the company’s presence in London, Fleet and Wrexham.
Its fast pace of expansion has been driven in part by its specialist mortgage operations, delivered through ModaMortgages and CHL Mortgages for Intermediaries, alongside several forward-flow arrangements.
Chetwood Bank also maintains a £2 billion investment portfolio, including senior positions in warehouse financing facilities that support UK consumer and SME lenders.
Paul Noble, CEO of Chetwood Bank, said:
“The speed with which we’ve crossed the £5 billion mark shows that our straightforward approach to savings and mortgages is resonating with customers and brokers alike. By pairing specialist-lending expertise with a disciplined treasury strategy, we’ve built a resilient, diversified balance sheet that sets us up for sustainable profitability – and we’re still building momentum.”
