New UK Bank Joins Leicestershire Asian Business Association as Corporate Member

Leicester:  Mr Jaspal Singh Minhas President of Leicestershire Asian Business Association welcomed Cambridge & Counties Bank as corporate member of LABA. “British Asian businesses have had tough times in dealing with the high street banks in the recession, even though as a community we gave all of them solid  custom be it business, personal and mortgage business for decades” said Mr Minhas. “I am absolutely delighted that a brand new bank has decided to open their second branch outside Cambridge in Leicester, they are supporting LABA’s members by becoming our corporate member”.

Simon Lindley the Bank’s Business Development Manager for Leicestershire said “the Asian business community is an important customer base for us. Prior to our formal launch in Leicester, we had already committed some 65% or our lending to local Asian businesses. Working in partnership with LABA the bank is committed to a legacy based partnership for mutual benefit”.

Cambridge & Counties Bank provides SMEs with loans secured against commercial property as well as a highly competitive business deposit account. In addition, it also offers secured pension scheme lending, and has recently started to offer loans to residential property investors who can demonstrate knowledge and experience in this market. The Bank also has plans to shortly launch professional firm financing, as well as other competitive savings accounts into both the retail and non-retail sectors.

The Bank has a unique structure being jointly owned by Cambridgeshire Local Government Pension Fund and Trinity Hall, a College of the University of Cambridge. They each own 50% of the bank, which has a strong management team led by chief executive Gary Wilkinson who has held a number of senior roles in the banking and building society sectors.

The bank places a significant focus on developing a partnership type relationship with its clients through being easy to do business with and by focusing on plain English and transparency.

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