Atom Bank completes £367m RMBS

Atom Bank has completed its fourth residential mortgage-backed securitisation (RMBS) valued at £367m.

The transaction was 1.6 times oversubscribed.

David McCarthy, chief finance officer at Atom bank said: “We’re delighted to have completed our fourth residential mortgage-backed securitisation. Securitisation will continue to be one of the ways we deliver efficient funding for our business, contributing to our overall model of keeping costs low and passing value back to our customers.

"Alongside our ongoing trading successes in mortgages and business lending, this transaction is fuelling a sustained period of growth and profitability for Atom.”

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