United Kingdom · Financial institution
Aldermore Bank PLC
Aldermore Bank PLC is a public limited company registered in England, with its registered office in Reading. It is a subsidiary of Aldermore Group PLC, which belongs to the South African FirstRand group. The bank provides specialist mortgages, business finance and savings products online, by phone and through brokers. It was incorporated in 1969 and was renamed from Ruffler Bank PLC in June 2009, after AnaCap acquired it. FirstRand acquired the group in March 2018 and announced in April 2026 that it would seek a change of ownership.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- ALDBGB2PXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under ALDBGB2P directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- Other BIC with this LEI
- ALDBGB21
- BIC first registered
- 2012-09-01
- Last updated
- 2026-07-22
Overview
Researched 29 Sep 2026 · Sources
Total assets
Not published
Employees
Not published
Ownership
Group subsidiary
Aldermore Group PLC
Institution type
Commercial bank
Trades as Aldermore
- Standing
- FirstRand announced on 7 April 2026 that it would seek an orderly transfer of ownership of the Aldermore group. According to the group's 10 September 2026 results, the sale process is ongoing.
- Ownership
- Aldermore Group PLC is the immediate parent and, according to Companies House, holds 75% or more of the shares. The group belongs to FirstRand Limited of South Africa.
- Direct parent
- Aldermore Group PLC ↗, United Kingdom
- Ultimate owner
- FirstRand Limited, South Africa
- Head office
- Apex Plaza, Forbury Road, RG1 1AX Reading, United Kingdom
- Company register
- 00947662, Companies House (England and Wales)
- Former names
- RUFFLER BANK PLC · LORDSVALE FINANCE PLC
Business lines
The bank offers owner-occupied and buy-to-let mortgages, bridging loans, and asset, invoice and commercial real estate finance. These are funded mainly by personal, business and corporate deposits.
Online
- Websites & references
- aldermore.co.uk ↗
motonovofinance.com ↗ Motor finance site of sister company MotoNovo Finance Limited, linked from the bank's site
Wikipedia ↗
Wikidata Q16824660 ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 13 pages consulted
- find-and-update.company-information.service.gov.uk/company/00947662
- aldermore.co.uk/
- aldermore.co.uk/about-us/board-of-directors/
- aldermore.co.uk/about-us/our-leadership-team/
- aldermore.co.uk/investors/
- aldermore.co.uk/investors/results-and-presentations/
- aldermore.co.uk/media/pyodhqmi/aldermore-group-full-year-results-for-the-year-ended-30-june-2026.pdf
- aldermore.co.uk/media/mpkjc2kf/aldermore-fixed-income-investor-update-september-2026.pdf
- aldermore.co.uk/newsroom/aldermore-announces-leadership-changes/
- aldermore.co.uk/savings-accounts/personal-savings-accounts/personal-savings-help-and-support/opening-an-a
- mortgagesolutions.co.uk/specialist-lending/complex-buy-to-let/2026/04/10/aldermore-up-for-sale-as-owner-exits-uk-
- nsx.com.na/voluntary-update-to-shareholders-on-the-uk-motor-commission-matter/
- en.wikipedia.org/wiki/Aldermore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Raj Makanjee Group Chief Executive of Aldermore Group; Executive Director
- Chair
-
Pat Butler
Chair
- Chief financial officer
-
Louise Britnell
Chief Financial Officer; Executive Director
- Executive
-
Michelle Mott
Chief Risk Officer
- Executive
-
Nick Ulycz
Chief Operating Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United Kingdom
- Bank of England (Prudential Regulation Authority) Prudential supervisorCentral bankResolution
- United Kingdom
- Financial Conduct Authority ConductAML supervisor
Recent events
Researched 29 Sep 2026 · Sources
-
Other
FirstRand announced that it would work with the Aldermore board and regulators on an orderly transfer of ownership of the group.
mortgagesolutions.co.uk ↗ -
Other
The FCA published final rules for its motor finance redress scheme. The Aldermore group then raised its provision to GBP 231.8 million, of which GBP 11.5 million sits with the bank.
aldermore.co.uk ↗ -
Merger / acquisition
The bank acquired Octane Capital's lending business assets, which added about GBP 0.5 billion of bridging and development exit loans.
aldermore.co.uk ↗ -
Leadership
Aldermore Group announced that Chief Executive Steven Cooper would step down and that Raj Makanjee would succeed him, subject to regulatory approval.
aldermore.co.uk ↗ -
Leadership
Louise Britnell, formerly Chief Financial Officer of the Co-operative Bank, joined Aldermore as Chief Financial Officer.
aldermore.co.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- ALDBGB2PXXX
- How the BIC breaks down
- ALDBBank
- GBCountry · United Kingdom
- 2PLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 2138009CAEGO41Q6HB61
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 2009
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Aldermore Group PLC · United Kingdom213800JQLWHE8NQYXX31 ↗
- Ultimate parent
- Firstrand · South Africa529900XYOP8CUZU7R671 ↗
The Firstrand group has 7 institutions in the directory, in 5 countries: all hold a BIC.
Including First National Bank Ghana Limited, First National Bank of Botswana Limited, Firstrand Securities LTD, Fnb Stockbroking and Portfolio Management (Pty) LTD, Rmb International (Mauritius) LTD.
See the Firstrand group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- APEX PLAZA FORBURY ROAD READING RG1 1AX UNITED KINGDOM
- Operational address
- APEX PLAZA FORBURY ROAD READING READING RG1 1AX UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>ALDBGB2PXXX</BICFI>
<LEI>2138009CAEGO41Q6HB61</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>ALDBGB2PXXX</BICFI>
<LEI>2138009CAEGO41Q6HB61</LEI>
<Nm>ALDERMORE BANK PLC</Nm>
<PstlAdr>
<TwnNm>READING</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>APEX PLAZA FORBURY ROAD READING RG1 1AX</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
The bank publishes 1 account at other banks.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
1 account at other banks, in 1 currency, for domestic GBP deposits into personal savings accounts (Faster Payments, Bacs, CHAPS, standing order), as the bank publishes them: aldermore.co.uk ↗
| Currency | Correspondent | BIC | Account | Directory check |
|---|---|---|---|---|
| GBP | Barclays | — | 63684431 (sort code 20-19-90) | No BIC published |
The bank does not publish a correspondent-bank or SSI list. The personal savings help page gives a single GBP collection account held at Barclays, which it describes as its clearing bank, for domestic Faster Payments, Bacs, CHAPS and standing orders. The account is shown with a sort code and no BIC. Payments from accounts other than the customer's nominated account are returned. No foreign-currency accounts were found. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: aldermore.co.uk (official website) · original; Pat Butler: aldermore.co.uk (official website) · original; Louise Britnell: aldermore.co.uk (official website) · original; Michelle Mott: aldermore.co.uk (official website) · original; Nick Ulycz: aldermore.co.uk (official website) · original.
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