Wesleyan Bank has celebrated its 25th anniversary by revealing that it has more than doubled its acquisition funding year-on-year across its professions sectors.
The specialist bank has achieved notable success in the dental industry and has expanded into the pharmacy, veterinary and accountancy sectors.
It has also seen growth in all of its major product lines such as partner equity loans, asset finance and short-term cash flow solutions.
Steve Deutsch, chief executive at Wesleyan Bank (pictured above, left), said: “It’s been an incredible journey since the bank’s formation 25 years ago.
“In the last few years, we have strengthened our management team, launched new products and banking systems and acquired complementary businesses to improve our services to customers.
“Our success has seen us evolve into a multi-award-winning company with a growing and diversifying balance sheet and 120 dedicated staff.
“This year we are enjoying strong growth within our core markets and rapid expansion into new ones due to the high demand for our specialist finance solutions, deep expertise and sector experience.
“With a clear, customer-focused strategy and continued investment into our people and systems, we are looking forward to the future with much optimism.”
Also pictured: Dawn Thompson, banking manager at Wesleyan Bank
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Nationwide partners with seven fintechs to support financially squeezed
Nationwide Building Society has selected seven fintech companies to create apps that will increase financial capability...
Metro Bank to open first store in Liverpool
Metro Bank is set to open a new store in Liverpool on Paradise Street...
Investec removes SVR from all new fixed rate mortgages
Investec Private Bank has removed the standard variable rate (SVR) on its two-, three-, four-, five- and 10-year fixed rate product range for all new clients...
Mid-size automotive manufacturers miss out on £25bn in revenues
UK mid-sized automotive manufacturers could be missing out on £25bn in revenues as a result of insufficient access to funding, according to research from Wyelands Bank...
Leek United hires new finance director
Leek United Building Society has named Rob Broadbent (pictured above) as its new finance director...
Handelsbanken posts 7% lending surge
Handelsbanken has revealed in its latest quarterly results that its UK lending increased by 7% to £21.1bn in Q1 2019 compared with the same period last year...
Al Rayan Bank expands Birmingham headquarters
Al Rayan Bank has expanded its operational headquarters in Edgbaston, Birmingham...
Cynergy Bank bolsters senior leadership team
Cynergy Bank has strengthened its senior leadership team with two new appointments...
Dispelling overseas property investment myths
When people talk about overseas buyers ‘snapping up’ UK property, assumptions about their supposed negative impact on the housing market abound...
Arbuthnot Latham appoints private banker to Manchester office
Arbuthnot Latham has announced the appointment of Barry Grieve as senior private banker to its Manchester office...
United Trust Bank launches exclusive broker promotion
United Trust Bank (UTB) has launched its 2019 ‘Live and Learn’ broker promotion...