GB Bank is a purpose-driven bank in the UK focused on driving positive change within communities and beyond. It received its full UK banking license in August 2022.
In essence, GB Bank aims to differentiate itself from traditional banks by:
- Focusing on underserved markets: This often includes small and medium-sized enterprises (SMEs) and property developers that may struggle to access funding from larger institutions.
- Having a social mission: They aim to contribute positively to the communities they serve, for example, by supporting regeneration projects.
- Using modern technology: As a relatively new bank, they are likely to utilize updated technology to streamline processes and offer a better customer experience.
Therefore, GB Bank is not just a provider of financial services; it positions itself as a catalyst for positive change, specifically targeting SMEs and development projects across the UK.
