We are delighted to announce we will be hosting a live Q&A webinar on Hardman Talks with CEO Jonathan Thompson and CFO David Broadbent of Bank North. The event will be hosted by Mark Thomas, Hardman & Co Head of Investment Companies and Financials, live on Zoom at 3.30pm on Thursday 20 January 2022.
Now that Bank North has been awarded its banking licence, the company will be presenting on the value it expects to create by attacking the huge, profitable SME banking market using state-of-the-art technology combined with a pod model that places it at the heart of regional communities. A substantial Series B Capital Raise is expected shortly, and this presentation, alongside our recent report, will give investors the opportunity to consider this in more detail.
Bank North is being developed to serve the huge UK SME lending market. It has progressive technology, a regional pod model and experienced managers to deliver a best-in-class service to SMEs and commercial brokers, to whom it will offer an unparalleled service and a unique remuneration model. It will be funded through best-buy retail deposit-comparison websites. The model should have a material cost advantage over competitors, and the credit risk is being tightly managed.