Member Article

Bank of London and The Middle East opens Manchester office

Bank of London and The Middle East plc (“BLME”), the finance provider to UK mid-market corporates, has announced the opening of a new corporate banking office in central Manchester.

With a successful track record of dealing with and investing in local companies, BLME has provided financing totalling £50 million to businesses across the North of England over the past year.

In conjunction with the office launch, BLME has also announced the appointment of Andy Krauza, who joins as associate director for BLME’s ABL finance division.

Andy will be based in the Manchester office and will assist in the controlled expansion of BLME’s Wholesale Funding portfolio.

Head of Corporate Banking at BLME, Jervis Rhodes, said: “The UK mid-market has a huge presence in the North of England and opening up a BLME presence in Manchester allows us to help with the financing needs of local companies, who no longer wish to rely on the larger London-based institutions.

“BLME is ideally positioned to provide customised and specialist services catering for mid-market companies looking to finance the next stage of growth in a very important commercial region of the UK.”

BLME has also confirmed that a recruitment plan is in place to appoint further staff in Manchester covering Acquisition Finance and Leasing.

This was posted in Bdaily's Members' News section by Sophia Taha .