Secure Trust Bank Commercial Finance has provided £55m (€68.6m) in asset based finance over its first full 12 month trading period ending 31 December 2015.

The AIM-listed bank launched its commercial finance business in September 2014, to provide asset based lending and invoice finance facilities ranging from £500,000 to £30m.

The business, which has its main office in Manchester and operates across the UK, has completed deals in a range of sectors in the last 12 months, often working alongside providers of private equity to structure working capital facilities for clients.

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."

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