Challenger Bank shortlisted for UK’s biggest corporate finance awards

WARRINGTON-based Redwood Bank, established less than five years ago, has been named a finalist in three categories at the UK’s biggest corporate finance awards ceremony.

Challenger Bank has been shortlisted in the ‘Best Business Variable Rate Deposit Account Provider’ category at this year’s Business Moneyfacts Awards. The Warrington-based bank, which won the award in 2019, 2020 and 2021, is looking to see a repeat of its success from previous years.

The Bank’s growing reputation for fast turnaround times for commercial mortgage applications was also recognized, with nominations for two other awards: “Best Service from a Specialist Buy-to-Let Mortgage Provider” and ” Best service from a commercial mortgage provider”.

The Business Moneyfacts Awards honor the best brands in the corporate finance and trade finance industries. As part of the pre-selection process, the judges conduct a thorough product review and consider feedback from brokers and the business community.

The shortlists were announced on Twitter by the Moneyfacts Awards team, with Redwood facing competition from Virgin Money, Lloyds Bank and Yorkshire Building Society for the three different awards.

The winners will be announced at the awards ceremony on April 28 at Evolution London.

Redwood Bank CEO and Co-Founder Gary Wilkinson said, “We are proud and delighted to be named finalists in three categories of the Business Moneyfacts Awards, including both business savings and mortgages, and we’re hoping for a fourth straight win as “Best Business Floating Rate Deposit Account Provider”.

“This particular appointment reflects our commitment to providing businesses with rewarding savings options, giving them flexibility when it comes to accessing their funds and ensuring their money is working hard for them.

“Our nomination for two Mortgage Provider Awards is a testament to our excellent team, who work closely with our intermediaries to help find a product that meets their clients’ needs and ensure deadlines are met.

“The three nominations demonstrate the important role that Redwood Bank plays in the development and future of SMEs, something we are proud to be a part of.”

The latest award nominations come fresh off another win – last month Redwood Bank was named “Best Business Review Account Provider” in the 2022 Savings Champion Awards for the fourth consecutive year.

Check out the Bank’s impressive history of awards by clicking here.

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