|Public (LSE: STB)|
|The Rt Hon. Lord Forsyth of Drumlean (Chairman) |
Paul Lynam, CEO
|Products||Business banking, motor finance, retail finance, savings|
|Revenue||£191.4 million (2019)|
|£165.5 million (2019)|
|£31.1 million (2019)|
|Total assets||£2.7 billion (2019)|
Secure Trust Bank is a British retail and commercial bank listed on the London Stock Exchange, where it is a constituent of the Main Market.
The bank was established in 1952 as Secure Homes Limited, became a subsidiary of the Arbuthnot Banking Group in 1985, and became Secure Trust Bank PLC in 1994. In 2016 the Arbuthnot Banking Group reduced its majority stake from 51.9% to 20%, for about £145 million.
In 2015 the bank launched an asset finance division to enable it to offer lending to businesses.
In 2016 the bank sold its consumer lending business Everyday Loans, reducing its position in UK's unsecured personal loan market.
The bank offers savings accounts and business banking products. It also offers the OneBill account and motor finance through its Moneyway brand.
Retail finance is offered through V12 Retail Finance, a company acquired by Secure Trust Bank in 2013. In the same year, Secure Trust Bank acquired Debt Managers (Services) Limited, through which it conducts credit management and collections operations across its brands, acquired portfolios, and on behalf of private clients.