Atom Bank reports operating loss of GBP 36 mln

The UK digital bank also recorded a statutory loss before tax of GBP 62 million, down from GBP 66 million in 2020. But the challenger predicts it will breakeven sometime next year. In April, Atom confirmed a GBP 40 million funding round, halving the bank’s valuation.

The bank said the slight improvement in losses this year could be attributed to bringing together a number of initiatives, including diversifying the bank’s savings range by introducing its Instant Access Saver.