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First year update from challenger bank Hampshire Trust Bank - 'Ahead of target' PDF Print E-mail
Thursday, 21 May 2015

Hampshire Trust Bank, the specialist challenger bank, is celebrating its first anniversary today with news that it is ahead of target and in a strong position for future growth.

Like many of the SMEs it supports, Hampshire Trust Bank has grown from strength to strength in the last 12 months, recruiting specialists to develop and launch new product lines to meet the needs of British businesses. At the end of last week [15 May] the bank re-launched its business savings service with three new competitive business savings accounts.
A new bank built on traditional values, the impressive growth trajectory over the past year is attributed to taking a relationship-focused approach, based on a personalised customer-needs model which is underpinned and delivered by experts in their fields.
Key to Hampshire Trust Bank’s successful progress is its specialist staff. The bank is led by an experienced board and senior management team and over the past year it has recruited approaching 60 banking experts into its specialist teams, who offer asset finance, commercial finance and property finance to the British SME market, as well as competitive personal and business savings accounts.
Milestones during the past year include the bank moving from Fareham to new headquarters in London, the introduction and diversification into new lending business lines supported by the implementation of new IT infrastructure and systems.
Mark Sismey-Durrant, Chief Executive Officer, said: “In one year alone we have created traction in the marketplace and are ahead of target on our business plan.  We continue to see strong demand from SMEs and customers who enjoy our personalised service – going beyond simply providing access to finance and adding further value through the specialist knowledge of our experts.
“We believe that ‘one size fits all’ banking has no place in today’s business world and we’re working hard to deliver specialist support and create a portfolio that continues to meet the changing needs of British businesses. We are well positioned for future growth, a great achievement for our hard working teams and everyone who has been on this journey with us so far.
“Looking ahead, we will build on this strong foundation, deepening and broadening our core business lines of asset finance, commercial finance, property finance and personal and business savings.  We will continue to deliver lending solutions that help realise the ambitions of businesses countrywide and we look forward to working with new and existing customers.”
How to build a bank – Hampshire Trust Bank milestones

      -         May 2014– authorisation granted and new Board and senior team appointed including Robert Grigg, Managing Director of Property Finance, and Chris Welch, Managing Director of Asset Finance.
      -         June 2014 – relocates from Fareham to London.
      -         July 2014 – launches commercial finance, appointing David Morris as Managing Director of Commercial Finance.
      -         September 2014 – moves to new headquarters on Finsbury Pavement in London
      -         November 2014 – announces migration of all customer savings and deposit accounts onto Phoebus’ software.
      -         December 2014 - launches new website and brand identity.
      -         April 2015 – surpasses its 1,000 asset finance deal.
      -         May 2015 – relaunches business savings service.

(Source - Hampshire Trust Bank Press Release)

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