Recognise Bank announces competitive increased interest rate for business savers
Recognise Bank, the fully licenced SME lender and savings provider, announced today that it will be increasing the interest rate on its Business Easy Access Account effective immediately. The new interest rate, which has increased from 2.25% to 2.65% AER, will apply to all SMEs who have an Easy Access Savings Account with Recognise, a […]
Bryce Glover, Co-Founder steps down from Recognise Bank Board
Bryce Glover, Deputy Chief Executive and one of the co-founders of Recognise Bank has taken the decision to step down from the Recognise Board with effect from the end of April 2023. Bryce has been with the new SME Bank since 2018 and has played a leading role in securing the full banking licence in […]
Recognise Bank Appoints VAS Panel to speed up SME lending applications
Digital SME lender and savings provider, Recognise Bank has appointed VAS Panel in a move which is designed to significantly speed up valuation turnaround times and give more confidence to broker partners placing business with the Bank. Vas Panel’s appointment to provide valuation management services on all of Recognise’s property lending, including bridging loans, commercial […]
Family business with debt free legacy aim turns to Recognise Bank after other lenders fail to provide lending options
SME specialist Recognise Bank has agreed a £416,000 fixed rate loan solution for a family business after it was frustrated by the lack of options with other lenders. Lancashire-based Newman Estates had been looking for a five-year fixed rate loan to protect the business against the uncertainty of prevailing interest rate volatility on three multi-unit […]
Recognise passes on full Bank Base Rate rise to all its Business and Personal Savers
Following the Bank of England rate increase, Recognise Bank has announced it will be increasing its rates by 0.25% AER across all their Business and Personal Savings variable products. Monna Patel, Head of Savings at Recognise Bank, said: “I am thrilled to announce that we are increasing the savings rate for all our Personal and […]
Recognise Bank announces major growth plans in its mission to revolutionise SME banking in the UK
Digital SME lender and savings provider, Recognise Bank, has announced ambitious growth plans following a successful £25m cash raise completed earlier this month. Recognise, which was fully licenced at the end of 2021, has raised over £95m investment so far on its journey to provide much needed support to UK SMEs, with the Bank’s largest […]
Recognise Bank secures £25m investment
Latest funding comes from Bank’s largest investor and will be used to increase loan book and develop new products for SMEs Digital SME lender and savings provider Recognise Bank has conditionally raised a further £25 million in investment from its group’s largest shareholder. The fresh investment will be used to support Recognise’s commercial lending and […]
Lenders need to be alive to market changes to support borrowers
Dean Carter, Recognise Bank’s Group Treasurer, discusses the role lenders can play to keep the market flowing during the current economic challenges. If the Bank of England’s decision to raise the Base Rate to three per cent wasn’t much of a surprise, then the notes about the Monetary Policy Committee’s (MPC’s) decision are likely to […]
Recognise boosts rates on 95 Day Notice Accounts for business and personal savers
Both 95 Day Notice Accounts now pay 3.00% AER, matching the Bank Base Rate. Recognise Bank has passed on last week’s 75bps Base Rate rise in full to its Business 95 Day Notice Account and Personal 95 Day Notice Account, so savers with either account will now earn 3.00% AER, the same as the current […]
Recognise passes on full Bank Base Rate rise to Business 95 Day Notice savers
Business 95 Day Notice Account will pay 3.00% AER,matching the Bank Base Rate. Following today’s increase in the Bank Base Rate by 75bps to 3% by the Bank of England, Recognise Bank has announced it will pass on the full rise to its Business 95 Day Notice Savings Account customers, so the account will pay […]
