Challenger bank quadruples profits
Cambridge & Counties Bank has announces record annual growth in deposits, lending and customer acquisition for the year ended 31st December 2015.
During this period the bank, which has its headquarters in Leicester, saw its balance sheet grow to over £500m, underpinned by strong growth across the business. Its loan book grew by 66 per cent to reach £416m and total deposits increased by 21 per cent to £472m.
The bank declared a profit before tax of £10.2m, which represents a fourfold like for like increase on the £2.5m achie... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
