DF Capital reaches £1bn of lending

Specialist commercial lending and personal savings bank DF Capital has announced it has provided over £1bn of cumulative funding to dealers and manufacturers since it started lending in 2017.

The business has also raised over £145m of deposits since launching its savings products in October 2020, which include 90-day notice, one-year, 15-month, 18-month and two-year fixed-rate accounts.

The company fully recommenced its lending operation on 4th November 2020, following the build up of the required regulatory liquidity buffers as a new bank after receiving its banking licence in September 2020.

Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.

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