--- title: "Starling’s FY26 profit dips again as the neobank provisions for more credit losses" url: https://daily.dev/posts/starling-s-fy26-profit-dips-again-as-the-neobank-provisions-for-more-credit-losses-2fbqmvxvo source_url: https://thenextweb.com/news/starling-bank-fy26-profit-dip-credit-loss-provisions type: article source: "The Next Web" published: 2026-05-21T10:05:25.083Z updated: 2026-05-21T10:05:44.826Z tags: ["fintech", "banking"] reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Starling’s FY26 profit dips again as the neobank provisions for more credit losses **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Starling Bank has reported a second consecutive annual profit decline for FY26 (year to 31 March 2026), driven by additional expected-credit-loss provisions on its retail lending book. The primary source of provisioning is the legacy Bounce Back Loan Scheme (BBLS) exposure, where a tranche of loans was found to potentially not comply with guarantee requirements due to historic fraud-check weaknesses, causing Starling to voluntarily remove the government guarantee. This follows FY25's 26% pre-tax profit drop, which was itself impacted by a £29m FCA anti-money-laundering fine and initial BBLS provisioning. CEO Raman Bhatia frames the additional provisioning as a one-off legacy adjustment rather than structural deterioration. Customer growth remains positive with 4.6m accounts and £12.1bn in deposits on the FY25 baseline, but the credit-loss line has dominated headlines. Full FY26 figures including the exact pre-tax profit number have not yet been disclosed. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Starling Bank cuts 130 jobs in AI and restructuring push](https://daily.dev/posts/starling-bank-cuts-130-jobs-in-ai-and-restructuring-push-khb7fpnyx) · The Next Web · 0 upvotes · 0 comments - [Weaver Fintech’s retail roots fade as fintech engine roars](https://daily.dev/posts/weaver-fintech-s-retail-roots-fade-as-fintech-engine-roars-djtkvpmjt) · TechCentral · 0 upvotes · 0 comments - [Starbreeze revenue rises 19% to $24.5m in 2025](https://daily.dev/posts/starbreeze-revenue-rises-19-to-24-5m-in-2025-hlj7sjh1j) · GamesIndustry.biz · 0 upvotes · 0 comments --- Tags: [#fintech](https://daily.dev/tags/fintech), [#banking](https://daily.dev/tags/banking) [View this post on daily.dev](https://daily.dev/posts/starling-s-fy26-profit-dips-again-as-the-neobank-provisions-for-more-credit-losses-2fbqmvxvo)