As a regulated group by the Prudential Regulatory Authority, Aldermore is required to satisfy regulatory liquidity and capital requirements on a standalone basis, and must demonstrate it has sufficient resources to withstand capital and liquidity stress testing.
Aldermore Group primarily generates its funding through:
Aldermore accesses wholesale funding markets through Aldermore Group PLC for subordinated debt, through Aldermore Bank PLC for securitisations (RMBS), and through MotoNovo Finance Limited for securitisations (ABS) and private warehouse facilities.
Aldermore Group PLC is the group holding company, wholly owned by FirstRand International Limited. Aldermore Bank PLC and MotoNovo Finance Limited are wholly owned subsidiaries of Aldermore Group PLC.