Atom Bank plc Credit Rating
Atom Bank plc does not currently have a public long-term credit rating from the major agencies, so no rating is shown here. That is common among smaller and newer UK banks and is not in itself a sign of financial weakness — ratings are typically sought by institutions that raise debt in wholesale markets. Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately.
Rating History
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Is Atom bank safe? What the record shows
Atom bank has no public credit rating, so there is no agency opinion to report. What follows is the verifiable record instead: each statement is taken from the source named beneath it, last checked 12 October 2026. It is information, not advice.
Banking licence
Atom was the UK's first app-only bank to be granted a banking licence and launched operations in April 2016 (FCA firm reference 661960). Its parent is Atom Holdco plc.
Source: Atom bank: about us and newsroom, 12 Oct 2026Ownership and funding
Atom is privately owned through Atom Holdco plc and has issued listed Tier 2 (October 2024) and Additional Tier 1 (November 2025) capital instruments and a series of Elvet Mortgages securitisations.
Source: Atom bank investor information, 12 Oct 2026Size
Customer deposits were £8.35 billion at 31 March 2026 (31 March 2025: £7.54 billion) and loans to customers £5.81 billion.
Source: Atom Holdco plc Annual Report and Financial Statements, year ended 31 March 2026, 31 Mar 2026Profitability
Atom Holdco reported a profit before tax of £9.4 million for the year to 31 March 2026 (FY25: £5.1 million). Atom first reported a full year of profit before and after tax for the year to 31 March 2024.
Source: Atom Holdco plc Annual Report 2025/26; Atom newsroom, June 2024, 31 Mar 2026Capital strength
Atom Holdco reported a Common Equity Tier 1 (CET1) ratio of 13.3% and a total capital ratio of 16.9% at 31 March 2026 (31 March 2025: 14.9% and 17.0%), with a leverage ratio of 5.4%.
Source: Atom Holdco plc Annual Report and Financial Statements, year ended 31 March 2026, 31 Mar 2026Regulatory record since 2020
No FCA or PRA enforcement action against Atom bank was found.
Source: FCA news archive, 12 Oct 2026Credit ratings
No public rating of Atom bank itself from S&P, Moody's or Fitch was found; only its mortgage securitisations are rated.
Source: Atom bank investor information, 12 Oct 2026Deposit protection
Savings with Atom bank plc are protected by the FSCS up to £120,000 in total across all Atom accounts, not per account.
Source: Atom bank savings page, 12 Oct 2026Operational incidents
Founder and chief executive Mark Mullen stepped down on 4 September 2026 after accelerated succession discussions; chief financial officer Andrew Marshall became interim CEO while the board searches for a successor.
Source: Atom Holdco plc RNS announcements, 27 August and 7 September 2026, 7 Sep 2026Frequently asked questions about Atom Bank plc
Is Atom Bank plc safe?
Atom Bank plc has no public long-term credit rating from the major agencies, so there is no rating to assess here. A missing rating is not evidence of weakness — many smaller and newer UK banks simply do not seek one. Separately, Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. This page is information about published credit ratings, not financial advice.
What is Atom Bank plc's credit rating?
Atom Bank plc does not have a publicly available long-term issuer credit rating from S&P, Moody's or Fitch.
Is Atom Bank plc covered by the FSCS?
Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. Atom Bank plc is recorded with FCA reference 661960. Because protection follows the banking licence rather than the brand, check the current position and which brands share a licence on the FSCS website before relying on it.
Who owns Atom Bank plc?
Atom Bank plc is owned by Private (BBVA, investors). Ownership matters for credit ratings because agencies often factor in the likelihood of support from a parent group, and because brands under the same banking licence share a single FSCS limit.
Is Atom bank a real bank?
Atom was the UK's first app-only bank to be granted a banking licence and launched operations in April 2016 (FCA firm reference 661960). Its parent is Atom Holdco plc.
Is Atom bank profitable?
Atom Holdco reported a profit before tax of £9.4 million for the year to 31 March 2026 (FY25: £5.1 million). Atom first reported a full year of profit before and after tax for the year to 31 March 2024.
Has Atom bank been fined by the FCA?
No FCA or PRA enforcement action against Atom bank was found.
Who owns Atom bank?
Atom is privately owned through Atom Holdco plc and has issued listed Tier 2 (October 2024) and Additional Tier 1 (November 2025) capital instruments and a series of Elvet Mortgages securitisations.