Redwood Bank has completed lending valued at approximately £150m since it launched two years ago.
The Hertfordshire-based challenger bank — which started trading in August 2017 — currently employs 63 banking specialists and aims to offer a real alternative for SMEs.
“I am enormously proud of what we have achieved in only two years of business,” said Gary Wilkinson, co-founder and CEO at Redwood Bank (pictured above).
“However, it’s not been without significant challenges, but through hard work, perseverance and instilling our core values — simplicity, certainty, integrity and tirelessness — we have successfully executed our plans and continue to grow our business.
“We now have approximately 2,500 customers and we know from their feedback that satisfaction sits at more than 90%, which tells us that our business model is working.
“Although our customers are at the heart of everything we do, a lot of time is spent ensuring our internal culture is also healthy and thriving.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Unity Trust Bank opens new Manchester office after 47% lending growth
Unity Trust Bank has opened a second commercial office as part of its expansion plans...
Tide to launch first premium account
Tide has announced that it will launch its first premium account to all its members by the end of 2019...
Shawbrook launches portal to ‘dramatically’ reduce BTL product switch times
Shawbrook Bank has launched a new online system that aims to reduce the time taken for BTL customers to product switch...
Santander to stop writing new asset finance business by end of 2019
Santander has announced that it will stop writing any new asset finance business by the end of the year...
Shawbrook adds new relationship director to business finance division
Shawbrook Bank’s business finance division has named John Hunter (pictured above) as its new relationship director for its South East regional team...
National Australia Bank updates cloud strategy with Google Cloud addition
National Australia Bank (NAB) has added Google Cloud to its cloud technology strategy...
PMS Mortgage Club and Sesame Network appoint Reliance Bank to lender panels
PMS Mortgage Club and Sesame Network have added Reliance Bank’s range of mortgage products to their respective lender panels...
FCA aims to improve awareness of no-deal Brexit impact on businesses
The FCA has stepped up its efforts to ensure firms are aware of what they need to do to prepare in the event of a no-deal Brexit...
Alba selects Temenos as core banking platform
Temenos has been selected as the core banking platform for Alba...
An interview with Peter Izard: 'I would like to see the wider banking industry become even more transparent'
In an interview with Specialist Banking, Peter Izard, business development manager at Investec (pictured above), talks about training staff, incorporating tech and changing trends in private banking...
Paragon names new managing director of mortgages
Paragon Bank has announced that it will appoint Richard Rowntree (pictured above) as its new managing director of mortgages, subject to regulatory approval...