£300m sale of Cambridge & Counties Bank rumoured

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Bankers at Rothschild are reported to be exploring the value of Cambridge & Counties Bank (CCB), with a view to a sale, according to a report in Sky News today (7th Nov 2018)

CCB, which specialises in secured lending and deposit products for small and medium-sized business customers, announced in march that it had seen lending balances increase by £102m on the previous year translating into pre tax profits of £24.4m (up from £18.1m on the previous year)

According to sources, the bank, which is jointly owned by Trinity Hall and Cambridgeshire Local Government Pension Fund could be valued at as much as £300m, says the news station.