The Goldman-backed UK challenger has booked a second consecutive annual decline as it takes additional expected-credit-loss provisions, on top of the FY25 fallout from the BBLS Covid-loan compliance issue and the FCA’s £29m anti-money-laundering fine.
Starling Bank’s annual profit fell again in the year to 31 March 2026, Bloomberg reported on Thursday, as the Goldman-backed UK neobank took additional expected-credit-loss provisions on its retail-lending book.
The report describes the result as the second consecutive annual decline for the company, following the 26% pre-tax-profit drop reported in May 2025.
The FY25 baseline against which the new numbers should be read was a £223.4m pre-tax profit on £714m of revenue.
That figure was itself down from £301m in the prior year, principally because of a £29m FCA anti-money-laundering fine and the first round of provisioning against the bank’s BBLS (Bounce Back Loan Scheme) Covid-loan exposure.
