Europe’s Largest Sharia Compliant Bank Opens Manchester Office
BLME’s new Manchester office aims to serve mid-market companies in the North of England, where it has provided financing totalling £50 million over the past year.
Launched in 2007 with offices in London and Dubai, the Bank of London and Middle East (BLME) is an independent UK bank with strong links to the GCC. It is listed on the NASDAQ Dubai and is the largest Sharia compliant bank in Europe acting as a specialist finance provider to UK mid-market corporates, as well as taking deposits.
UK Mid Market
Jervis Rhodes, Head of Corporate Banking at BLME, commented: “The UK mid-market has a huge presence in the North of England and opening up a BLME presence in Manchester allows us to help with the financing needs of local companies, who no longer wish to rely on the larger London-based institutions. BLME is ideally positioned to provide customised and specialist services catering for mid-market companies looking to finance the next stage of growth in a very important commercial region of the UK.”
In conjunction with the office launch, BLME has also announced the appointment of Andy Krauza, who joins as associate director for BLME’s ABL finance division. Andy will be based in the Manchester office and will assist in the controlled expansion of BLME’s Wholesale Funding portfolio.
