Income increases to £58m in 2022 after achieving monthly UK profitability
IN BRIEF:
- Its 2022 Annual Report showed the bank nearly tripled income to £58m in 2022 after reaching monthly UK profitability
- Income was mainly driven by an increase in net transactions and fixed platform fees
- The bank also increased its customer base by 22%
What does this mean?
“2022 was a landmark year for ClearBank – we’ve grown exponentially, onboarded fantastic new clients and been one of the few new banks globally to reach profitability. On top of this, we’ve secured the investment to fuel the next phase of ClearBank’s journey – international expansion,” said Charles McManus, CEO, ClearBank. “With economic uncertainty continuing into 2023, the security and resilience offered by ClearBank is crucial to unlocking the potential of our clients and their customers, helping them to continue to innovate, differentiate and grow.”
