Bank’s balance sheet tops £1bn for first time

Leicester-based Cambridge & Counties Bank says it has seen its balance sheet top £1bn for the first time.

The bank says growth of its balance sheet has been driven by lending to its core client base of real estate investors, property developers and SMEs, primarily through brokers and intermediaries, with “significant” growth in its core East Midlands and North West markets.

Simon Lindley, chief cevelopment officer Cambridge & Counties Bank said: “We have seen some of our competitors drop away from the market but we remain resolute in helping UK businesses grow and invest through turbulent times. Looking ahead we see continued strong demand for our value-added customer centric proposition and are forecasting continued lending and deposit growth in 2019.”