The bank, which specialises in secured lending and deposit accounts for small and medium sized businesses (SMEs), saw total assets rise to £1.074bn, up from £1.004bn in 2019.
![Cambridge & Counties Bank gross new lending up 40% in 2020](https://cdn-res.keymedia.com/cdn-cgi/image/w=1000,h=600,f=auto/https://cdn-res.keymedia.com/mortgageintroducer/uploads/2019/08/shutterstock_489453262.jpg)
Specialist lender Cambridge & Counties Bank recorded a near 9% rise in loans and advances to customers in 2020, to £828m, while gross new lending increased by almost 40% across the year, to £220m.