COLG announces Half-year interim results 2020
The Company announces its unaudited interim results for the six-month period from 1 April 2020 to 30 September 2020, along with an update on business developments. Read the full announcement here.
Banking Licence
SME Bank Recognise opens Manchester office
SME bank Recognise has announced the opening of its new Manchester hub, and the team selected to run it. Recognise Financial Services Ltd, a new challenger bank and subsidiary of AIM-listed City of London Group plc, says it partners with leading fintech platforms for its relationship managers to provide a market-leading SME service. It has …
Banking licence and strategy update
The board of COLG is pleased to announce that Recognise, its wholly owned subsidiary has received authorisation with restriction (AwR) (banking licence) from the PRA / FCA. Read the full details here.
Business update in light of COVID-19
The Company today announces a business update. The Company has in place measures and infrastructure to allow its staff to work effectively from home over an extended period. Measures have been taken to reflect the reduction in business volumes in certain of the group businesses. COLG’s subsidiary, Recognise, is progressing with its application to the …
Recognise Chairman Phil Jenks tells Bridging and Commercial how the new bank will service SMEs
Recognise Chairman Phil Jenks talks to Bridging and Commercial about creating better services for SMEs and progress on the bank’s licence application. Read the full article here.
Recognise submit formal application to be a Bank
City of London Group Plc (COLG) is very pleased to announce that, its subsidiary, Recognise Financial Services Limited, has formally submitted its application to the Prudential Regulatory Authority (and the Financial Conduct Authority) to be authorised as a Bank. Read the full announcement here.
Recognise Independent NED Louise McCarthy interviewed by Specialist Banking
“We believe SMEs are very underserved” she told the publication, “We will combine the human touch with cutting-edge technology to give our clients a superior customer experience.” Read the full interview here.