In 2011 Shawbrook’s principal private investor purchased the banking licence of Whiteaway Laidlaw Bank. Shawbrook Bank is specialized in providing lending and savings products to serve the needs of SMEs and individuals in the United Kingdom.
Shawbrook Bank Limited is the 48th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 6 805,60 mln GBP, providing the bank with the market share of 0.08%. In 2018 the bank's annual profit was 82,00 mln GBP.
Shawbrook Bank Limited participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Shawbrook Bank Limited is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Shawbrook Bank Limited is headquartered in Essex.
Shawbrook Bank Limited is authorized and supervised by the Financial Conduct Authority (reference number 204574).