Cambridge & Counties Bank sees balance sheet top £1bn for first time
Leicester-based specialist lender Cambridge & Counties Bank has seen its balance sheet top £1bn for the first time.
The growth of its balance sheet has been driven by lending to its core client base of real estate investors, property developers and SMEs, primarily through brokers and intermediaries, with significant growth in its core East Midlands and North West markets.
Simon Lindley, chief development officer Cambridge & Counties Bank said: “We have seen some of our competitors drop away from the market but we remain resolute in helping UK businesses grow and invest through turbulent times.
“Looking ahead we see continued strong demand for our value-added customer centric proposition and are forecasting continued lending and deposit growth in 2019.
“The bank has developed a strong, unique and customer focused business model which has generated real momentum in our selected product lines and target markets.
“The successful launch of classic cars highlights the client demand that exists in niche sectors and the importance of continuing our investment in our broker relationships.”
In addition, last year also saw the emergence of strong lending growth in the South West and Wales following a targeted office expansion and network investment programme by the bank.
Cambridge & Counties Bank, which is jointly owned by Trinity Hall, a College of the University of Cambridge, and Cambridgeshire Local Government Pension Fund, predicts further growth in 2019.