Bank North aims to provide a range of lending products to individuals and businesses in the UK. These products may include personal loans, mortgages, business loans, and other types of credit facilities.As an authorised and regulated bank, Bank North is committed to operating in accordance with the highest standards of financial regulation and consumer protection. It is authorised by the Prudential Regulation Authority (PRA) and regulated by both the PRA and the Financial Conduct Authority (FCA).The PRA is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms. Its main objective is to promote the safety and soundness of these institutions and to protect the interests of depositors, policyholders, and other consumers.The FCA is the conduct regulator for financial services firms in the UK. It aims to ensure that financial markets are fair, transparent, and effective, and that consumers are provided with appropriate products and services. The FCA also has the power to enforce regulations and take action against firms that fail to meet its standards.By being authorised and regulated by both the PRA and the FCA, Bank North is subject to rigorous oversight and supervision. This helps to ensure that the bank operates in a responsible and ethical manner, and that its customers are protected.Bank North’s launch in October 2021 will provide individuals and businesses in the UK with a new option for their lending needs. With its commitment to regulatory compliance and consumer protection, Bank North aims to build trust and deliver high-quality lending products and services to its customers.

Social Link