Letchworth based bank makes it five out of five at industry awards 

A Hertfordshire specialist business bank is celebrating after winning a key industry award for the fifth successive year. 

Redwood Bank, headquartered in Letchworth, picked up the Business Moneyfacts trophy for Best Business Variable Rate Deposit Account Provider at a glittering London ceremony. 

The Bank, which celebrated its fifth anniversary in 2022, has collected the accolade every year since its launch. 

Gary Wilkinson, Co-Founder and CEO, said: "If this was the World Cup, I think they'd have to let us keep it now."  

Last year Redwood Bank announced its first profit, for the year-ended 31 December 2021, after continuing to support British businesses throughout the challenges of the pandemic when many high street lenders retrenched.  

"We are here to support our customers and do our best to provide the financial help so many businesses need as they continue to face an onslaught of challenges. 

"Redwood Bank prides itself on backing British businesses. So many of our customers are SMEs trying to navigate difficult times, and they need a bank that will work with them, not against them. It's important to provide them with products that support their ambitions."  

Representatives from the Bank were in London to share the evening ceremony, where Redwood Bank was also shortlisted for Best Business Fixed Account Provider, an award it won in 2020, and Best Service from a Commercial Mortgage Provider. 

"Our team works incredibly hard on behalf of our customers and it means a lot to our colleagues to be recognised at these prestigious awards." 

The Business Moneyfacts Awards attracts entries from across the banking sector, with Redwood Bank joined as winners on the night by high street names including Santander, HSBC, Barclays and NatWest. 

For further information, visit www.redwoodbank.co.uk.