The Company announces its audited results for the year ended 31 March 2021. CEO Michael Goldstein commented ” “The Group has made considerable progress in implementing its long-term strategy over the last 18 months. The process of re-focusing the Group’s business on banking activities is largely complete with Recognise Bank poised to become a deposit …
Preliminary Announcement, year ending 31 March 2021 Read More »
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 …
In the latest Fintech Finance Virtual Arena, host Ali Paterson talks to industry heavyweights Jason Oakley from Recognise and Elliot Limb from Mambu. The question under discussion: why aren’t all clouds created equal? See the video here.
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.
“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.
City of London Group Plc is very pleased to announce that, its subsidiary, Recognise Financial Services Limited (“Recognise”) has announced the appointments of David Jenkins as Chief Financial Officer and Patrick Ferguson as Chief Risk Officer to the Executive team, highlighting the increasing metabolic rate of preparedness for the forthcoming SME Bank launch planned for …
The board of COLG today announces an update to its Investment Proposition. Read the updated Investor presentation here.
Investment Advisor finnCap has published a positive research note relating to COLG and the prospects for Recognise, the SME focused bank and COLG subsidiary. It states: ‘All indications point to a high return on the capital in the bank, supporting future capital raises.’ To read the full finnCap published research on COLG, please click here to register.
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.
“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.
