A bank owned by the British Independent Retailers Association (bira) has recorded its first £1 million turnover since it was established in 1955.
Revenue grew by 76% in the 52 weeks to March 2014, compared to the same period last year, due to a surge in member enquiries across the bank’s products, according to bira.
John Collins, managing director of bira bank commented: “We’re extremely proud to reach this milestone in turnover. Not only does it signify growing awareness of the bank but much more importantly we are seeing the first signs that members are becoming more confident and choosing to invest in their future."
bira bank provides a specialist service, with the aim of supporting and enabling independent retailers’ businesses to grow and develop.
It represents members across the UK, from single retail outlets to small chains, dealers, suppliers, manufacturers and distributors.