BBA member list

Secure Trust Bank plc

Secure Trust Bank is a longstanding established UK bank, having been incorporated in 1954. Its core business is to provide banking services including a range of lending solutions and savings products.

The Group operates from its head office in Solihull, West Midlands and had 550 full-time equivalent employees at 31 December 2013. It has been a subsidiary of Arbuthnot Banking Group since 1985.

The Group successfully listed on the Alternative Investment Market in November 2011 and has increased its portfolio in recent years, acquiring the Everyday Loans Group and the V12 Finance Group in June 2012 and January 2013 respectively and the trade and certain assets of Debt Managers Holdings Ltd in January 2013 which are held in its subsidiary Debt Managers (Services) Limited.

The Group’s diversified lending portfolio focuses on unsecured personal loans, motor and retail finance whilst its lending is entirely funded by customer deposits, with no exposure to wholesale funding. The Group also provides current accounts to UK customers who may not be adequately served by other banks.

Personal Lending

Fixed rate, fixed term products with payments received monthly.

Motor Lending

Includes a multi-channel offering through motor dealerships and brokers. The Company services the majority of the Top 100 UK car dealer groups.

Retail Finance

Includes lending solutions for store, online and mail order retailers.

Current Account

The account charges a monthly fee but customers have the ability to earn rewards at participating retailers. The fee-based current account has undergone progressive enhancements since its introduction.

Savings

A combination of instant access accounts, notice deposits and deposit bonds with competitive interest rates