Tagged: richard davies

November 24, 2021 @ 8:50 am By Omar Faridi  |  

AIB revealed on Tuesday (November 23, 2021) that it has decided to sell its British small business loan book to London-headquartered Fintech challenger Allica Bank. But the £600 million (appr. €715 million) size of the portfolio is considerably smaller than the recently reported £1 billion… Read More

September 17, 2020 @ 9:15 am By JD Alois  |  

Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More

January 16, 2020 @ 11:14 am By Omar Faridi  |  

The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More

April 18, 2016 @ 11:24 am By JD Alois  |  

According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More