Leicester-based Cambridge & Counties Bank has seen its balance sheet top £1bn for the first time.

The bank attributed its growth in balance sheet to lending to its core client base of real estate investors, property developers and SMEs, primarily through brokers and intermediaries, with significant growth in its core East Midlands and North West markets.

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Simon Lindley, chief development officer at Cambridge & Counties, said: “We have seen some of our competitors drop away from the market but we remain resolute in helping UK businesses grow and invest through turbulent times. Looking ahead we see continued strong demand for our value-added customer centric proposition and are forecasting continued lending and deposit growth in 2019.”

Cambridge & Counties expanded its product offering in November to include classic car asset finance. Cambridge & Counties Bank launched Classic Car Finance in April, reaching £2m in business by October, and said it had financed the purchases of a range marques, from 1920s Bentleys to a unique 1980s Aston Martin.

Simon Lindley added: “The bank has developed a strong, unique and customer focused business model which has generated real momentum in our selected product lines and target markets. The successful launch of classic cars highlights the client demand that exists in niche sectors and the importance of continuing our investment in our broker relationships.”

The bank also recently announced that lending through Sheffield-based Real Property Finance has passed the £100m mark in loans for clients.

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Cambridge & Counties Bank is jointly owned by both Trinity Hall, a College of the University of Cambridge, and Cambridgeshire Local Government Pension Fund. They each own 50% of the bank.

Last week Cambridge & Counties promoted Marco Brice to the role of relationship manager within its Birmingham business development team. He will operate in support of Neil Reddington, the Bank’s regional director for the West Midlands.