Between January and December 2017, the bank – which specialises in secured lending and desposit products for SME – saw its balance sheet grow from £746m to £879m.

The specialist bank's loan balances also grew from £588m to £690m, with total deposits rising from £685m to £798m in the same period.

“We have created a unique proposition in the niche markets we operate in that is based around elevated levels of personalised service combined with the speed, efficiency and know-how that is needed in today's modern world,” said Mike Kirsopp, chief executive at Cambridge & Counties Bank (pictured above).

“We enjoyed another year of impressive growth in 2017, and although there are clearly risks in the marketplace, we remain optimistic for the future.

“In terms of Brexit, the full effect of this will not be known for around four years, but in the meantime, we haven't seen any significant impact on our markets or business.”

Cambridge & Counties also revealed that it had maintained new customer recommendation levels at 99%, despite the rise in new business.

“The fact we have maintained such high customer satisfaction levels during our strong growth is testament to the strength of our team and systems,” said Simon Moore, chairman at Cambridge & Counties.

“However, we are not resting on our laurels.

“We will make further investment in our customer-experience technology and will continue to look at ways we can enhance our existing product range and potentially launch into new markets.”