Recognise Bank Strengthens Digital Focus with New Promotions
Fintech bank creates COO role and Director, Banking Platforms and Partnerships Fintech powered challenger bank, Recognise Bank, has made a number of important changes as it accelerates its digital capability following the creation of a new department concentrating on innovation and development. This follow’s last week’s successful fundraise of £8.7 million in new capital. Ronelle […]
Recognise Adds Two New Accounts to its Business Savings Range
SME Bank launches 95 Day Notice and 1 Year Fixed Rate Business Savings Accounts Following the success of it first Business Savings Account, Recognise Bank has launched a new range of savings options for small businesses – a 95 Day Notice Business Savings Account paying 1.10% AER, and a 1 Year Fixed Rate Business Savings […]
Recognise Bank Increases Rates on Savings Accounts
Popular 95-Day Notice Personal Savings Account increases to 1.10% AER, Business Easy Access Savings Account increases to 0.90% AER Recognise Bank has raised the interest rate on its popular 95-Day Notice Personal Savings Account (Issue 4) to 1.10% AER, an increase of 25 percentage points from its previous rate of 0.85% AER. The increase will […]
Recognise Bank benefits from £8.7m capital raise
Fresh investment from existing shareholders will support accelerated digital development through the creation of a new innovation team Recognise Bank will benefit from £8.7 million in new capital following the latest successful round of fund raising announced today by the City of London Group (CoLG), the Bank’s parent company. This means CoLG has so far […]
Recognise Increases Business Easy Access Savings Account Rate to 0.75% AER
Updated:The rate on this product has now been changed. Find the latest rate on the product page. Recognise Bank has increased the rate of its new Business Easy Access Savings Account to 0.75% AER, a rise of 20 basis points. The rate increase will benefit both new and existing customers. For so long business savings […]
Recognise Bank Launches First Easy Access Business Savings Account
Research by Recognise shows that almost half of SMEs leave their surplus cash in a business current account earning little or no interest Challenger bank, Recognise Bank, has launched an Easy Access Savings Account for hard pressed small businesses. Recognise says SMEs could be missing out on hundreds of pounds in potential interest income by […]
Recognise Bank Provides £5m Commercial Loan to Property Developer
Purely commercial deal completes two weeks ahead of schedule Recognise Bank has agreed a £5 million commercial loan with property company Grangewood Investments Ltd. The loan was made so that the developer could refinance and raise equity on two commercial investment properties on the Oakwood Hill Industrial Estate in Loughton, Essex. One building houses serviced […]
Recognise Bank secures loan for Cardiff office investment
Gareth Morgan and Jason Jones approached brokers, Cornerstone Commercial Finance, looking to acquire a three-story office building located in Cardiff Gate Business Park. With the property priced at £900,000, the brokers were tasked with securing funding for Gareth and Jason’s newly formed company, GLJ Properties, within ten weeks. The offices to be purchased were also […]
Recognise provides bridging funding for green housing project
Bridging finance is a good option for borrowers looking for more flexibility with their funding, if, for example, they are managing a number of different property projects at one time. For an experienced property developer working on a major green housing development in Cambridgeshire, a Recognise Bank bridging loan helped them progress with the overall […]
Recognise Bank Tops £100m in Lending
Recognise reaches SME lending milestone just six months after full licence, also clocking up £95m in savings deposits. Little more than six months after achieving its full banking licence in September 2021, Recognise Bank has announced that it has delivered over £100 million in lending to the UK’s SMEs, hitting the ambitious target it set […]
