City of London Group PLC Recognise Bank launches its website
09 Diciembre 2020 - 1:01AM
RNS Non-Regulatory
TIDMCIN
City of London Group PLC
09 December 2020
9 December 2020
City of London Group plc
("COLG" or "the Company" and, together with its subsidiaries,
"the Group")
Recognise Bank launches its website
Recognise Bank, the subsidiary of City of London Group plc (AIM:
CIN), and new SME bank, has today launched its website, which can
be found at www.recognisebank.co.uk .
Recognise is a relationship led, digitally enabled bank, focused
on delivering banking services to the SME sector, which has often
been overlooked by traditional banks.
Recognise's services are delivered through dedicated
relationship managers who have a proven record in delivering
banking services to SMEs across the UK through its London, Midlands
and Manchester business hubs.
Existing customers will be able to access Recognise's cutting
edge lending portal through the new website, which will enable them
to view up to date transactional information on their loans.
The website also hosts the latest information on Recognise's
products and contains insights on the SME sector from its
experienced management team.
Recognise received its AwR (Authorisation with Restriction) in
November 2020 and expects to begin offering personal savings and
business savings products in Q1 and Q2 of 2021 respectively. It is
one of the first banks to receive authorisation post Covid-19, and
has already begun selective lending on an unregulated basis.
Jason Oakley CEO of Recognise Bank, commented : "This is an
important and exciting milestone for Recognise, demonstrating our
commitment to making banking easier and more accessible for SMEs
across the UK.
"The website and our lending portal reinforce our differentiated
banking proposition for SME customers, and in conjunction with our
experienced relationship managers, enables Recognise to offer
quality, personalised banking services to our customers.
"We are still early in the Recognise Bank journey, but we
believe that our relationship-led approach, combined with the
latest cloud-based technology, will allow SME's to focus on their
business, and help Recognise meet its ambitious growth
targets."
For further information:
City of London Group plc +44 (0)20 7550 0543
Michael Goldstein (Chief Executive
Officer)
Ben Peters (Director of Investor Relations)
Tavistock
Heather Armstrong heather.armstrong@tavistock.co.uk +44 (0)7929 116860
Tim Pearson tim.pearson@tavistock.co.uk +44 (0)7983 118502
Or e:Mail colg@tavistock.co.uk
Peel Hunt LLP (Nominated Adviser and
Broker)
James Britton
Rishi Shah +44 (0)20 7418 8900
About City of London Group
City of London Group (AIM: CIN) is a forward-thinking financial
services organisation focused on serving the UK SME market. It is
primed for the future, is grounded with traditional values and a
strength and depth of expertise.
The Group's expertise covers finance for the business sector and
secured lending such as for commercial property, working capital
for SMEs, bridging loans and asset finance as well as lending to
professional firms.
The Group ensures its services are always delivered with a
personal touch, so clients know that they are more than a customer
and have a partner that will work with them as they look towards
the future.
About Recognise Bank Limited
Recognise Bank Limited was formed to provide financial services
to the UK SME sector and the retail and business deposits market.
Its purpose is to serve an SME market that has been starved of a
personalised and relationship focused banking service for some time
now.
Recognise has partnered with leading fintech platforms to create
a market leading SME service using best in class technology that
will enable it to deliver on its relationship banking model.
Recognise has a strong independent Board to support an ambitious
executive team that has had over 250 years' experience of building
SME banking portfolios. By 2024 Recognise aims to have 44,000
depositors and 4,500 borrowers on its books. Recognise is a
subsidiary of the City of London Group.
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END
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