Lending exceeds £55m at Secure Trust Bank
Secure Trust Bank’s Commercial Finance completed more than £55m worth of lending in its first full 12 month of trading.
The lender c provides a full suite of asset based lending solutions ranging from £500,000 to £30m in size.
The wider group has also seen strong progress in 2015 with customer lending balances increasing 73% and growth in overall customer numbers of 33%.
Total income for Secure Trust stood at £158.1m in 2015 – a 39% increase on 2014.
John Bevan, managing director at Secure Trust Bank Commercial Finance, said: “Our progress has been underpinned by a growing reputation for flexibility but above all else, for having a customer centric approach. We have built an experienced team across the UK which has a detailed knowledge of the market and we have worked hard to develop relationships with the professional community supporting both SME businesses and increasingly larger Corporates.
“It has been a key strategic objective to work alongside the growing private equity market. This has enabled us to build a portfolio with a diverse range of tailored lending solutions which are genuinely solution led. New technology will increasingly allow us to enhance the client experience and at the same time ensure that we have a fully compliant process which keeps the client central to everything we do.”
Paul Lynam, chief executive Officer at Secure Trust Bank Group, added: “2015 was a very successful year for Secure Trust Bank. Our team delivered another record year of profits and we have positioned ourselves strongly for the next phase in our development.
“Our SME division made a material contribution to profits in its first full year of operation which is very encouraging and further diversifies our offering.”