Allica Bank says it is looking to take on the high-street banks on rate as well as service, as it significantly reduces the rates on its commercial mortgages. The bank – which has seen strong demand in the first half of 2022 and is predicting £1bn of committed loan offers to established SMEs this year […]
Castle Trust Bank has launched a bridging proposition, supported by dedicated sales, underwriting and processing teams. The launch of its Bridging proposition will simplify Castle Trust Bank’s lending, which now includes separate ranges for bridging and buy-to-let. The bridging range, which is supported by dedicated sales, underwriting and processing teams, features specialist products for Heavy […]
Linked Finance, a leading lender to Irish SMEs, has increased its maximum loan size to €500,000 – becoming the only alternative lender to offer unsecured business loans at this scale. The new loan is unique in the Irish market, meeting the needs of companies with more complex funding requirements and providing an attractive alternative to […]
United Trust Bank (UTB) has appointed Adam Ware as a business development director in its growing Structured Property Finance division. Adam joins UTB from Hilltop Credit Partners where he was vice president, head of origination and prior to that was a senior manager at Octane Capital. He has considerable experience across a variety of commercial […]
A Hertfordshire-based challenger bank has further demonstrated its commitment to helping British businesses to succeed by reducing its lending rates. The Bank, which is this year celebrating its five-year anniversary, has unveiled improved interest rates starting from 3.49% plus base rate for secured residential property lending and 4.49% plus base rate for secured commercial property […]
Manchester based early-stage investor Praetura Ventures has announced an additional £5m funding commitment from British Business Investments to continue supporting start-ups across underserved parts of the UK. The total sum committed to Praetura Ventures from the Regional Angels Programme now stands at £20m, the largest commitment through the Programme to a delivery partner to date. […]
Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) […]
Recovering occupancy rates and food and beverage sales are combining to fuel a marked recovery in the London hotels market, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that for the first time since prior to the pandemic, occupancy rates in London are now […]
Harmony Energy Income Trust plc, an externally managed company that invests in energy storage assets in Great Britain, has successfully agreed a debt facility of £60m with NatWest plc (the “Facility”) through a wholly owned subsidiary of the Company. The Facility comprises a five-year £60m facility with an initial margin of 300bps over SONIA, rising […]
India has recorded a record-breaking $82.3bn for pending and completed mergers and acquisitions in the second quarter of 2022 despite a global slowdown, according to Bloomberg. That is over twice the amount of the previous record of $38.1bn in the third quarter of 2019. Globally, M&A volume reached $827.6bn – down 8.7% from the same […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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