The loan book of the asset finance arm of UK challenger bank Shawbrook grew 30% to £497m (662.8m) for the six months ending 30 June 2014, compared to the same period in 2013.
Overall Shawbrook Asset Finance wrote £182m worth of new business in the first half of 2014.
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This growth came after a strong 2013, during which Shawbrook Asset Finance grew 28%.
The bank’s pre-tax profits grew from £5m in the first half of 2013 to £18.6m for the first half of 2014, while total net lending grew 91% to £1.96bn.
Consumer lending, which the bank started in 2012, almost tripled its loan book in the first half of 2014 at £181m compared to £62m in the first half of 2013.
Shawbrook said Centrica, which it acquired on 14 June, added over £200m of SME advances.
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By GlobalDataRichard Pyman, chief executive officer of Shawbrook Bank, said; ""We continue to see strong demand from credit-worthy SMEs and individual customers who are seeking a straight-forward, quality relationship with their bank.
"Our focus on specialist teams and a human approach to decision making to deliver excellent customer service has enabled us to grow our lending to small businesses by £685m in the twelve months to June 2014."
