FNG Exclusive… StreamBank, the fairly new online lender and savings bank in the UK launched by online broker ActivTrades’ controlling shareholder Alex Pusco earlier this decade, has reported its financial results for fiscal 2025 (year ended March 31, 2025), showing significant progress in both growing the business and turning a profit in just its second year of operation.

Revenue (or in banking parlance Net Operating Income) at StreamBank, almost entirely interest income, came in at £11.4 million in 2025, more than double 2024’s £5.2 million. On the bottom line StreamBank reported a 2025 Net Profit of £0.9 million, versus a loss of £2.4 million the previous year.

We had reported back in 2023 that Mr. Pusco was effectively diverting resources from ActivTrades to StreamBank, as the banking business was launching. However both operations seem to be running well now, with ActivTrades seeing a nice jump in Revenue in its most recently reported year.

The 2025 year was also the bank’s first under CEO Mike Kirsopp, a longtime Lloyds commercial banking executive, who had initially joined StreamBank as a Non Executive Director in 2022.

StreamBank highlights of FY 2025

StreamBank said that some of the year’s key achievements include:

• Originating £88.8 million in new loans to homeowners and property professionals across the UK.
• Increasing its deposit base to over £175 million.
• Welcoming 1,900 new customers to the Bank.
• Strengthening the bank’s capital base, further solidifying its platform for sustainable growth.
• Maintaining strong liquidity, ensuring the Bank is well-positioned to navigate the future with confidence.

StreamBank’s full FY 2025 report can be seen on the company’s website here.

About StreamBank

StreamBank serves property professionals, developers, homeowners and savers across the UK with a range of short-term lending and savings products. StreamBank specialises in Bridging and Development Finance, supporting experienced property investors, homeowners, landlords, and developers. In FY 2025, StreamBank grew its loan book to £156.7m (2024: £137.2m).

StreamBank has focused on raising long-term deposits through fixed-term bonds and notice accounts, ensuring a stable funding base that closely matches its lending assets. As of March 31st, 2025:
 70% of deposits were in 1-year fixed-term accounts.
 30% were held in notice accounts and maturity savers.
 97% of savings balances were covered under the Financial Services Compensation Scheme.

StreamBank’s savings strategy relies on direct origination through an online platform, enabling efficient deposit gathering with competitive, transparent pricing. This flexible funding approach is supported by an experienced Savings Operations team that provides excellent service to customers.