UK challenger bank Cambridge & Counties Bank has lent more than £350m (493m) to small and medium sized businesses since its launch in 2012. This is an increase of nearly £100m since the beginning of the year.
In 2014, the challenger bank – which is jointly owned by the University of Cambridge’s Trinity Hall and Cambridgeshire Local Government Pension Fund -saw its loan book grow by 126% year-on-year to £253m.
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Asset finance is among the products that the challenger bank offers to its SME clients.
Cambridge & Counties Bank has also appointed Rachel Curtis-Bowen to its board of directors. Rachel joined Cambridge & Counties Bank prior to its launch in 2012 as head of marketing and has been promoted to executive director for customer experience.
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