The Bank of England has requested an independent review of Revolut’s procedures for approving new products, after the PRA ordered the review as the company obtained full UK banking authorization in March 2026. The procedure, provided for by Section 166 of the Financial Services and Markets Act, is neither a sanction nor proof of an infringement, although it may lead to required corrective measures. Revolut is seeking to expand its UK personal lending with loans ranging from £2,000 to £25,000, while its wealth management business has driven growth. The group reported £4.5 billion in revenue for 2025, pre-tax profit of £1.7 billion, up 57%, and customer balances of £50.2 billion, but its loan portfolio amounted to only £2.2 billion.
Source: Read the original article
