Rishi Khosla, chief executive officer and co-founder of OakNorth, reported another strong year for the company.
CEO and co-founder of OakNorth, Rishi Khosla, states that Lord Turner's expertise will prove invaluable as the company expands into new products and services, and supports its customers in their growth ambitions.
OakNorth Bank lends to small and medium-sized businesses (SMEs), and was cashflow break-even within 11 months of receiving its full licence. It has been profitable every year since 2015.
Rishi Khosla wants to encourage young people from disadvantaged backgrounds into the business world.
Rishi Khosla, co-founder and CEO of OakNorth, said: “We sponsored this report because we understand the positive impact that successful growing businesses have on the UK economy. Our lending of approximately £10 billion to date has directly contributed to the creation of over 40,000 new employment opportunities and 29,000 new homes."
