The lender reached profitability in September this year, after four year of being unprofitable and 11 years of being in business. It has helped to arrange loans or more than £1.8bn during that time. However, a spokesman for Zopa said it expected to make losses during the bank setup. "We don't think we will remain profitable as the banking application requires a lot of capital investment, but we have got a very stable business and have proven we are able to attain profitability. Once we have launched we plan to return to profitability very quickly," the spokesman said.

http://www.telegraph.co.uk/personal-banking/savings/peer-to-peer-giant-zopa-to-launch-digital-bank/