British Business Bank agrees ENABLE Build guarantee with Hampshire Trust Bank

Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE Guarantee, agreed in 2017, which has so far provided £342m in SME housebuilder funding and supported the building of 1547 new housing units.

British Business Bank agrees ENABLE Build guarantee with Hampshire Trust Bank

Sep 21, 2022

Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE Guarantee, agreed in 2017, which has so far provided £342m in SME housebuilder funding and supported the building of 1547 new housing units.

Current economic climate is worse than during the pandemic, say 79% of SMEs

New research from SME funder, Bibby Financial Services (BFS), sheds further light onto the cost of doing business emergency unfolding for the UK’s small and medium sized businesses as they fight for survival. Findings from the latest SME Confidence Tracker survey, which explores the views of 500 SME owners and decision makers, shows many are at breaking point, with almost four in five (79%) stating the current economic landscape is worse than the pandemic and just one in ten (11%) fully prepared to deal with further cost rises expected.

Current economic climate is worse than during the pandemic, say 79% of SMEs

Sep 21, 2022

New research from SME funder, Bibby Financial Services (BFS), sheds further light onto the cost of doing business emergency unfolding for the UK’s small and medium sized businesses as they fight for survival. Findings from the latest SME Confidence Tracker survey, which explores the views of 500 SME owners and decision makers, shows many are at breaking point, with almost four in five (79%) stating the current economic landscape is worse than the pandemic and just one in ten (11%) fully prepared to deal with further cost rises expected.

Aldermore announces strong growth in lending and profits 

In full year results to 30 June 2022, Aldermore Group has delivered a 30% growth in profit before tax to £204.7m (FY2021: £157.8m). The bank is now supporting a record 750,000 customers which has helped drive 10% growth in net lending at improved margins and at a stable cost of risk.

Aldermore announces strong growth in lending and profits 

Sep 15, 2022

In full year results to 30 June 2022, Aldermore Group has delivered a 30% growth in profit before tax to £204.7m (FY2021: £157.8m). The bank is now supporting a record 750,000 customers which has helped drive 10% growth in net lending at improved margins and at a stable cost of risk.

EMEA

Renaissance Asset Finance launches commercial loan solution for medical sector

Sep 06, 2022

Renaissance Asset Finance (RAF), a subsidiary of Arbuthnot Latham, the private and commercial bank, has announced the launch of a commercial loan product to support medical professionals, including doctors, surgeons, dental practices and dentists, veterinarians, and veterinary practices.

Americas

PEAC builds up global footprint

Jul 26, 2022

The PEAC family of finance companies is pushing ahead with global expansion, with the news that the US-based Marlin Leasing Corporation has been acquired by funds managed by HPS Investment Partners and will be rebranded as PEAC Solutions. The PEAC family of finance companies includes PEAC UK and PEAC Europe, and collectively operates in 12 countries with balance sheet lease assets of over $5.1 billion and annual originations of more than $2.72 billion.

Asia Pacific

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.