Directorate Change

RNS Number : 9348Z

Secure Trust Bank PLC

24 September 2020

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

24 SEPTEMBER 2020

For immediate release

  SECURE TRUST BANK PLC

  Board Change

Appointment of Chief Financial Officer

Secure Trust Bank PLC ("STB" or the "Company") announces that further to its announcement on 12 May 2020, Mrs Rachel Lawrence commenced employment as Chief Financial Officer on 7 September 2020 and on 23 September 2020 has been appointed as an executive director of the Company.  All regulatory and other conditions referenced in the 12 May 2020 announcement have been satisfied.

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Paul Lynam, Chief Executive Officer

Tel: [phone]

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 68 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 972 employees (full‐ time equivalent) as at 30 June 2020. The Group's diversified lending portfolio currently focuses on two sectors:

(i)  Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,

(ii)  Consumer Finance through its Motor Finance, Retail Finance, Debt Collection and Consumer Mortgages divisions

As at 30 June 2020 the Group's loans and advances to customers totalled £2,377.5 million, customer deposits totalled £1,999.2 million and the Group's total customer base was well over 1.6 million.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH.

 

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