RE: James 'Jim" McColl12 Mar 2025 10:39
Once the gm is out of the way and all res passed, a direction of how to take the Company will be announced to the market, next will be financial in put of funds,we need confidence of a banker, may be this billionaire may help?
McColl’s SME-focused Alba Bank ready to ‘mobilise’
Terry Murden, Editor | March 9, 2023
Jim-McColl-and-Graeme-Jones
Founder Jim McColl and chair Graeme Jones
Entrepreneur Jim McColl’s Alba Bank is ready to ‘mobilise’ after finally securing a licence for Scotland’s first bank solely dedicated to small and medium sized business lending.
After five years of talks, the Bank has been approved by the UK Prudential Regulatory Authority (PRA) and the Financial Conduct Authority.
The bank will initially operate from two office hubs in Glasgow and London with longer term ambitions to establish commercial offices in regions across the UK. It aims to become Scotland’s version of new-style digital banks such as Monzo and Revolut.
An experienced team has been assembled, led by former Airdrie Savings Bank chief Rod Ashley. Former Scottish Financial Enterprise CEO Graeme Jones was appointed chairman last October.
Its backers include Sir Brian Souter, the former Stagecoach boss, David Coulthard, the former Formula One motor racing driver and David Moulsdale, who runs the opticians chain Optical Express.