Alba Bank

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Scottish challenger Alba Bank backed by industrialist Jim Mccoll has launched a £5 million series A funding round. The early-stage investment will facilitate aspiring challenger Bank Alba' transition to second-stage operational status under a restricted license.

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Alba Bank, the Glasgow-based challenger bank set to launch into the SME business market later this year, has appointed Alastair Christmas as its new commercial director. Mr Christmas has over 30 years of experience within the UK financial sector at the Royal Bank of Scotland and Clydesdale Bank

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Alba Bank, the Glasgow-based challenger bank, is set to launch into the SME business market next year after a multi-million-pound funding round. By the end of next month, the bank expects to receive a restricted licence to accept deposits from the Prudential Regulation Authority which will allow it

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