GB Bank receives £20m capital boost and announces a new chair
Property finance institution GB Bank has secured a £20m capital boost and has announced a number of board level changes.
The bank, which specialises in lending to SME property developers and investors and was originally launched in Newcastle where it maintains a satellite office, has received an extra £16m from Hera Holdings Ltd and an additional £4m from the Teesside Pension Fund.
Hera Holdings Ltd and Teesside Pension Fund are existing investors in GB Bank, having invested £30m and £6m respectively in 2024 to date.
The bank – which announced in summer moving its head office from Middlesbrough to its base in Mayfair, London – also revealed that chair Mark Sismey-Durrant is stepping down to be r
Recommend
Government to continue funding South West powerhouse - despite plans to scrap similar initiatives elsewhere
2025-04-06 07:23:07
2025-04-06 07:23:07
Private equity investment in South West rises but deal volumes fall
2025-04-06 07:23:07
2025-04-06 07:23:07
North East business leaders gather to promote investment into female-founded high growth companies
2025-04-06 07:23:07
2025-04-06 07:23:07
Leeds' Utc Travel receives £275k investment to grow online offer and create jobs
2025-04-06 07:23:07
2025-04-06 07:23:07
Plymouth Argyle's Foulston Park community hub secures £2.2m
2025-04-06 07:23:07
2025-04-06 07:23:07
Dairy company that sells to Waitrose and Sainsbury's to create jobs after securing £750k
2025-04-06 07:23:07
2025-04-06 07:23:07
Penzance Dry Dock secures £2m towards major refurbishment
2025-04-06 07:23:07
2025-04-06 07:23:07
Cornwall firms land share of £5m for offshore wind projects
2025-04-06 07:23:07
2025-04-06 07:23:07
Newcells Biotech secures £1.2m follow-on investment to build customer base
2025-04-06 07:23:07
2025-04-06 07:23:07
New crypto platform Bitpanda to launch in the UK after winning FCA approval
2025-04-06 07:23:07
2025-04-06 07:23:07
