Recognise Bank has grown its loan book by over 30% during the financial year, to more than £400m, at the same time as exceeding £500m in deposits for the first time.
The bank, which has ambitious growth plans, has also announced the opening of a new Milton Keynes office.
The new office in Milton Keynes, nearer to its London head office, aims to strengthen collaboration, leadership oversight and operational effectiveness across the bank.
Simon Bateman, CEO of Recognise Bank, said: “Our growth and performance make this the right time to ensure our structure supports what’s next.
“Acting from a position of strength allows us to prepare for the future, not react to challenges and our new Milton Keynes office will help strengthen decision-making and overall business performance.
“This is an important step on our journey to build a stronger, more connected Recognise Bank. One that’s fit for the next stage of our journey, while staying true to the values and service our customers trust.”
