Published on: 2025-06-18 17:40:30
LONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings. Starling, which offers fee-free current accounts and lending services via a mobile app, posted profit before tax for the year ending March 31, 2025 of £223.4 million ($301.9 million), down nearly 26% year-over-year. Revenue at the bank totalled £714 million, up about 5% from £682 million a year
Keywords: financial loan million starling year
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