Challenger bank Aldermore is close to floating on the stock exchange, according to reports from the Daily Telegraph.
The paper has reported that the listing could happen "within weeks", valuing the five year-old bank at between £800m (1,005.6m) and £900m.
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Aldermore Asset Finance, a division within the bank, more than doubled its net profit in 2013 to £12.7m, up from £6.2m the year before. It also reported a 74.3% increase in new business volume to £609.8m.
Aldermore is majority owned by private equity firm AnaCap, with other current shareholders including Morgan Stanley Alternative Investment Partners.
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