Vida Bank’s gross mortgage lending book hit £348m in the first six months of 2025, up 111% from the same point a year before.
The bank’s interim results revealed that pre-tax profits for the period were £10.7m, up £8.8m from the same period a year before and ahead of the £3.6m recorded in 2024’s full year profits.
Vida obtained PRA licence approval in November 2024 with this the first year it has been able to operate as a bank.
This activity has increased the bank’s operating income to £30.8m for the first six months of the year, whereas this had been £18.6m in the first half of 2024.
Net interest margin also increased from 1.73% to 2.13% over these periods.
“This was a strong first half for Vida, reflecting the benefits of our new banking licence, a more diversified funding base, and continued operational discipline,” said Anth Mooney, CEO at Vida Bank (pictured above).
Retail deposits have transformed our balance sheet and materially reduced our cost of funds, supporting profitable mortgage growth.”
Despite these numbers the strategy for the bank is “disciplined growth” with a focus on expanding its retail deposit franchise, scaling mortgage origination and driving cost efficiency and digital delivery.
Vida is also aiming to maintain wholesale funding presence through selective securitisations and maintain strong liquidity and capital resilience.
