Overview

• Pre-tax profit fell 26% to £223m for the year to March 2025, down from £301m a year earlier.
• The bank was fined £29m by the FCA for inadequate financial crime screening described as “shockingly lax.”
• Starling booked a £28.2m hit after volunteering to remove government guarantees from a tranche of Bounce Back Loans.
• Revenue rose 5% to £714m and customer deposits topped £12.1bn even as new account growth halved to 10%.
• Starling is boosting its compliance frameworks and driving growth in its Engine SaaS arm, which generated £8.7m in fee income.