Recognise Bank funds refinancing of £5m 100-plus property portfolio
£5m Professional Buy-to-let (PBTL) deal completed soon after launch of new product. Recognise Bank has announced the completion of a £5 million Professional Buy-To-Let (PBTL) refinance deal on a large portfolio of properties, following the launch of its new PBTL proposition earlier this month. The bank completed the funding for a family-owned property investment company […]
Recognise Bank Enters Buy-To-Let Market
A new loan for professional landlords and investors with existing property portfolios launches with a headline rate of 3.49%, with fixed and variable rate options. Recognise Bank has entered the buy-to-let market with a new product designed for professional landlords and investors with portfolios of at least four properties. Professional Buy-to-Let is the Bank’s first […]
Recognise Bank selects ClearBank to enhance banking experience
ClearBank, the cloud-based clearing bank, has announced its partnership with Recognise Bank, a subsidiary of City of London Group plc and the UK’s newest SME bank with retail deposit taking capability. The partnership sees ClearBank becoming Recognise Bank’s clearing bank, providing key account infrastructure and access to the UK’s payment schemes, including vital services, such […]
Recognise Bank enters Personal Savings market
Recognise Bank launches a range of fixed rate and notice accounts as part of the bank’s mission to support the UK’s growing SMEs. Recognise Bank, one of the UK’s newest banks, has announced that it is entering the Personal Savings market with the launch of a range of fixed rate and notice accounts. Recognise Bank […]
Recognise Bank hits “Magic Moment” as PRA removes deposit restrictions
The culmination of a three-year journey to create a Bank to serve the UK’s SMEs, removal of deposit restrictions allowsRecognise to offer personal and business savings accounts. Recognise Bank has today announced the removal of deposit restrictions by the PRA (Prudential Regulation Authority), making it one of only a handful of banks to receive full […]
Professional Indemnity Insurance costs set to soar
Legal firms face huge costs as the renewal deadline for PI insurances nears. Robert Hulse, our Head of Professional Practice, looks at their funding options. The start of October marks an important financial deadline for many Professional Practice firms, especially in the legal sector, as it is traditionally the time when they have to renew […]
Recognise Bank announces new Head of Credit
Gavin Keyte joins from Allica Bank as Recognise ramps up lending plans following its latest capital raise Gavin Keyte has been appointed Head of Credit at Recognise Bank, the new SME bank and business lender. He joins from Allica Bank, where he was Head of Credit, and brings with him experience gained from 28 years […]
Business confidence stays strong, but SMEs remain worried about the impact of COVID
Business confidence among Britain’s smaller companies remains strong with almost eight out of ten (78%) SMEs saying they are confident of a boost in trade over the coming three months now that most COVID restrictions have been lifted. However, research by Recognise Bank also reveals that a significant number of SMEs are still concerned about […]
Post-COVID business confidence remains strong as SMEs consider their options for future funding
Business confidence remains high among the UK’s SMEs as they continue to recover from the impact of COVID, according to new research by Recognise Bank. Almost eight out of ten (78%) of all respondents said they were either ‘confident’ or ‘very confident’ their business would experience a boost in trade over the next three months […]
Successful Capital Raise Marks Major Milestone for Recognise Bank
New SME bank, Recognise Bank, today announced a successful £14 million capital raise, including fresh investment from one of its existing shareholders. The capital raise means Recognise Bank has met the capital requirements set by the PRA (Prudential Regulation Authority), clearing the way for the removal of deposit-taking restrictions. Once the PRA removes these restrictions, […]
