Created by Anna Mileiko 
Recognise Bank was founded in 2017 as BIZ Financial Services Limited by business owners who recognised the disconnect between traditional business banking and the needs of modern SMEs. In November 2020 Recognise Bank obtained its banking license. Recognise Bank is focused on SME lending, financed by personal and business savings accounts.
In 2022, Recognise Bank Limited achieved the position of 170th largest bank in the United Kingdom with a market share of 0.00%; its total assets grew by 338.21%.
Additionally, the bank became the 142nd profitable bank in relation to its total assets showcasing -14.44% return on assets and -36.89% return on equity in 2022.
Also the lender held the 23rd position regarging its loans-to-deposits (L/D) registering 104.15% L/D ratio in 2022.
Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Recognise Bank Limited.
branch
online banking
In 2023 total assets of Recognise Bank Limited were 263,39 mln GBP. In 2023 the bank's annual profit was -12,98 mln GBP.
Financial Services Compensation Scheme (FSCS)Recognise Bank Limited participates in the deposit guarantee scheme of the United Kingdom which applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Recognise Bank Limited is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
The Royal Exchange, First Floor, 1 Royal Exchange Steps, EC3V 3DGE, London, United Kingdom
+4407850810742Recognise Bank Limited is headquartered in London.
Recognise Bank Limited is authorized and supervised by the Financial Conduct Authority (reference number 849404).
