Corporate
Pension savers on Insignis can now access OakNorth Bank’s savings products, enabling them to make the most of their pension pots
OakNorth Bank is offering its products to pension savers for the first time through its partnership with Insignis, the leading cash solutions provider; The cash component of pension pots usually earns little to no interest. The Insignis savings marketplace solves this problem by introducing pension savers to interest-bearing cash products of various savings providers, one […]
Corporate
OakNorth Bank approves over £1bn in new loans and receives additional CBILS/CLBILS allocation from the British Business Bank
Since March, OakNorth Bank has approved £1.1bn in new loans to support UK businesses through the crisis, including over £400m through CBILS and CLBILS; In the last month, OakNorth Bank has seen four times the lending volume going to credit committee vs the same period last year; Despite the difficulties the UK economy and British […]
Corporate
OakNorth Bank continues growing debt finance team to support businesses in the North, with two new hires in Manchester
It’s been a year since OakNorth Bank set up a debt finance team in Manchester with just two team members, but since then, the team has grown to six people; The latest additions to the team are Paul Atherton who joins from Ballard Evans Corporate Finance Boutique, and Gareth Bennett who joins from Allied Irish […]
Corporate
OakNorth Bank to appoint industry heavyweight, Rajesh Gupta, as CFO, who is to join from Kensington Mortgages
Rajesh will be joining OakNorth Bank from Kensington Mortgages, a leading specialist lender, where he spent the last five and a half years as its CFO; Prior to this, he had a 21-year career with General Electric, where he had responsibilities for entities with assets ranging from $5bn to $50bn; As one of the only […]
Corporate
OakNorth Bank receives additional CBILS allocation from the British Business Bank after approving over £600m in new loans since March
Despite the ongoing challenges of COVID-19, OakNorth Bank has continued supporting British businesses, approving an average of £150m in new loans each month since the start of lockdown in March, including £220m through CBILS and CLBILS; Since being accredited, OakNorth Bank has now also received an additional CBILS lending allocation from the British Business Bank; […]