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Cambridge & Counties celebrates £650m of lending

Beth Fisher | 07:18 Wednesday 14th June 2017

Cambridge & Counties has marked its fifth birthday with customers, brokers and staff toasting £650m of current lending .

The niche property bank – which was profitable within 13 months of its launch in 2012 – celebrated the occasion at the City Rooms, where chief executive Mike Kirsopp thanked the attendees for their support.

“When we launched five years ago, there were nine of us in the team,” said Mike.

“To be celebrating our fifth birthday with almost 130 colleagues after five consecutive years of growth is a wonderful achievement.

“As well as enormous credit going to our teams in Leicester, Cambridge, Birmingham, Bristol and Sheffield, we acknowledge the important role played by the finance brokers who introduce their client businesses and investors to us.

“Together we give our customers what they want from a bank: straightforward products, transparent decision making, a quick response and service levels that result in 99% of customers being happy to recommend us.”

Cambridge & Counties Bank has savings balances totalling over £735m, with balances from businesses, charities and community organisations.

The largest loan to date was £7.7m lent to the owners of a landmark Birmingham building that was converted into student flats.

The bank posted more than £18m in post-tax profits in 2016 and has achieved over 200 asset finance transactions worth more than £15m in the last two years.

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