Net operating income of Atom Bank 2017-2024

Published by Statista Research Department, Jul 31, 2024

Atom Bank was not only the first app-only bank in the United Kingdom (UK), but also the first online-only bank to be granted a full UK regulatory license in 2015. From 2017 to 2021, Atom Bank reported a net operating expense, reaching its highest value at 16.89 million British pounds in 2020. The bank achieved a significant reduction in expenses in 2021, cutting them down to 1.5 million British pounds. Since 2022, it has started to report operating profit instead. The bank's net operating income in 2022 was 51.34 million British pounds, and it continued to grow, reaching 88.3 million British pounds in 2024.

Net operating income of Atom Bank from 2017 to 2024 (in million GBP)

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Release date

June 2024

Region

United Kingdom

Survey time period

2017 to 2024

Supplementary notes

Figures prior to 2023 were collected from previous publications by the source.

The source adds the following information: Figures refer to the consolidated results of the Bank, the Atom Employee Benefits Trust and Atom EBT Limited.

Figures prior 2019 represents net operating expense of Atom Bank and Atom Group. From 2019 and onwards, figures represent net operating income/expense of the Atom Group due to change in reporting style.  

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