News in brief - 15 september 2026. By Dan McGrath 15/09/2026 Recognise Bank has appointed Ronelle Arbib as its new chief revenue and operations officer. In the newly created role, Arbib will bring together the bank's lending and savings, operations, product and marketing functions, creating accountability for its commercial and customer growth journey. She has worked at Recognise Bank for six years and has played a key role in its development, joining as head of customer experience in 2020 before becoming chief operating officer at 2022. Pitch Black Technology has joined the Bridging & Development Lenders Association (BDLA) as an associate member. The firm develops software for finance firms, brokers and lenders, and its products include enquiry management, lender sourcing and communication tools. Its sourcing system uses a product database covering more than 200 lenders. The BLDA represents the interests of bridging and development lenders and their customers, with its membership bringing together lenders and associate firms from across the sector, including funders, legal firms, valuers, technology providers and other professional services businesses. Skipton Building Society has launched a new 15-month fixed-rate bond and 15-month fixed-rate cash ISA, both paying 4.55% AER. Available to new and existing customers, the accounts can be opened online, through the Skipton app, in branch, by post or by phone. Both products pay interest annually (4.55%) or monthly (4.46%) with no early withdrawals permitted. Minimum balances start from £1, with the maximum balance set at £1m. Tembo has introduced a new HomeSaver cash ISA offering 5.5% AER, including a conditional mortgage bonus, for savers planning to buy their first home, move or remortgage. The account combines a 2.8% variable base rate with a 2.7% AER fixed conditional HomeSaver bonus, payable after 12 months when the customer completes a mortgage through Tembo within three years of opening an account. There is on cap on ISA transfers-in or existing ISA balances, meaning customers transferring cash ISA savings built up over previous tax years can earn the rate on larger balances than th current cash ISA allowance.

Recognise Bank expands commercial mortgage range with five-year fixed option. August 12, 2026 Recognise Bank has expanded its Commercial Term range with the launch of a five-year fixed-rate option, giving customers greater certainty over their longer-term borrowing costs. The new product is available for commercial investment and owner-occupied properties, with loans from £250,000 to £3 million up to 70% LTV. The five-year product has been introduced alongside Recognise Bank's existing two-year fixed rate option. The launch follows a record July for Recognise Bank, which completed its highest monthly value of lending since the Bank was founded. "Having returned to the commercial mortgage market only three months ago, IFA Magazine has listened to brokers and their SME clients and by introducing a five-year fixed rate option IFA Magazine is offering a range of products that can support cashflow management and create certainty. The launch follows a record July for Recognise Bank, which has been its biggest completions month since the Bank was founded. Term and bridging commercial lending is important for its continued growth, and IFA Magazine will work closely with brokers to deliver practical solutions for their clients." Caroline Luxmore, Chief Commercial Officer at Recognise Bank Early repayment charges for the new five-year fixed rate are 5% in years one and two, 3% in years three and four, and 1% in year five. To learn more about Recognise Bank's commercial mortgages, visit: https://recognisebank.co.uk/commercial-mortgage/

Recognise Bank announces £8.9m post-tax profit. Posted on July 23, 2026 Recognise Bank, the SME property lending bank, has announced its latest annual results, reporting a post-tax profit of £8.9 million for the year ended 31 March 2026, following a £5.3 million loss in 2025. The Bank also grew its loan book by 51.1% over the year to £461.9 million and increased deposits by 18.8% to £575.5 million. Since the year end, its loan book has grown to more than £500 million and deposits have exceeded £600 million. Following the implementation of a new strategic direction in May 2025, the Bank has achieved profitability for the first time. Within the last year, it also relocated its London Head Office and opened a new Operations Centre in Milton Keynes to support the next phase of its growth. Its organisational structure was streamlined, as part of a wider transformation programme designed to simplify business operations and enhance customer service. A refresh of the Bank's technology platforms has also commenced, introducing new solutions which will deliver further customer service improvements and increased internal efficiencies in the current year. In addition, the Bank received a £5 million capital injection on 31 March 2026 from its largest shareholder, Parasol V27 Limited. The funding represents the second tranche of investment and will support the continued implementation of the Bank's strategy. Recognise Bank continues to expand its intermediary offering, providing flexible, relationship-led lending solutions designed to support brokers and their clients across a wide range of commercial property transactions. Steve Pateman, Chairman of Recognise Bank commented: "Last year I indicated the foundations were in place for Recognise Bank to become sustainably profitable and I am pleased to report that has been the case with in-month profitability achieved from May 2025. "As a result of the progress made, we have also been able to recognise a deferred tax asset so that we can report a full year profit after tax and restructuring costs of £8.9m compared with a loss after restructuring costs last year of £5.3m." Simon Bateman, Chief Executive Offer at Recognise Bank added: "The last year at Recognise Bank has been about stabilisation, resetting the business and putting in place the right foundations to support our planned growth ambitions that support our strategy and financial plan. "Our ambition was to achieve in month profitability by September 2025, supporting our plan to deliver full year profitability in 2027. I am pleased to share that we accelerated this trajectory and reached in-month profitability in May 2025, four months ahead of schedule. "For the first time in the Bank's history, we are reporting a profit after tax compared to a loss in the previous year. This is an outstanding result, particularly given the scale of transformation over the past year and the challenging macroeconomic environment in which the Bank is operating. "I am very proud of our achievements in the last year and could not be more excited about the future for Recognise Bank. The journey has only just begun and the opportunities ahead are huge. As we enter the next stage of our journey, with the support and passion from the whole team, we are focusing on the continuing growth of the business." To learn more about Recognise Bank's commercial property lending, visit: https://recognisebank.co.uk/