UK challenger bank Gatehouse looks to raise capital
Gatehouse Bank, a UK-based Islamic bank, is looking to raise additional equity capital and has appointed Strategy&, PwC’s global strategy consulting business, as its adviser.
Gatehouse Bank looks to raise more capital
Gatehouse is looking to increase its tier 1 capital to further grow its specialist markets, notably home finance, institutional build-to-rent and deposit accounts.
CEO Charles Haresnape says there has been “a significant increase in demand for Gatehouse services over the last three years” and there is “a huge opportunity ahead”.
Founded in 2007, the bank now has total assets exceeding £1 billion. It operates in accordance with Shariah principles and offers savings products and finance for UK commercial and residential real estate, in addition to sourcing and advising on UK real estate investments with a focus on the build-to-rent sector.
