The Board of COLG (AIM:CIN) is pleased to announce today a capital raise of £11.4 million through a share subscription and a raise of up to £6.9 million through an open offer of new Ordinary Shares of COLG (“Ordinary Shares”). These changes are an important part of the Company’s approach to establishing a new UK SME bank, Recognise Bank Limited (“Recognise”), a subsidiary of …
“Rejuvenation of the regions is overdue and innovative banking can help”. Recognise NED Louise McCarthy tells Specialist Banking how the new bank will address the £22bn SME funding gap. Full article here.
“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.