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January 2018

The latest news from Hampshire Trust Bank

While it may already seem like an age ago, I’d like to take this opportunity to wish you a happy New Year. We are looking forward to the opportunities that 2018 brings and believe that customer choice in banking will become increasingly important as the year progresses, a move we welcome.


Nine of the bigger banks are due to adopt new Open Banking rules by 13 January. Open Banking is designed to increase choice by "enabling personal customers and small businesses to share their data securely with other banks and with third parties, allowing them to compare products on the basis of their own requirements and to manage their accounts using regulated third parties to provide new and innovative payment services."


In addition, after a year of discussion and debate, international regulators have finally announced the finalised Basel III banking reforms, which intend to boost banking competition by levelling the playing field in terms of the capital requirements banks must hold, which will hopefully make it easier for smaller banks to compete in certain areas of lending when they come into effect from 2022.


These reforms will help increase innovation and competition in the banking sector. While the results of these changes will emerge over time, we are already factoring the implications of these changes into our plans for products and services at Hampshire Trust Bank.


We believe it is vital for people to have easy access to a wider range of financial services, tailored more closely to their circumstances and requirements. At Hampshire Trust Bank we pride ourselves on employing experts in the SME sectors in which we operate.


The Competition and Markets Authority identified that "there is a particular problem in SME banking where many SMEs open their business current accounts at the same bank where they have their personal current accounts, then stick with that bank for their business loans". This needs to change.


We believe that increasing customer choice in banking is key in helping UK SMEs to grow, in turn helping to drive the economy forward, which is good news all around. Let's hope 2018 provides a step in the right direction.

Mark Sismey-Durrant

Chief Executive Officer at Hampshire Trust Bank

View from the top

While the average UK house price increased last year, the picture is more varied on a more regional basis, with the market preparing for a slowdown and drop in some areas in the year ahead. For more, read our latest Property Finance Blog.


Hampshire Trust Bank won the Best Business Savings - Notice category of the Moneynet Personal Finance 2018 Awards. It is the third year in a row that the bank has won an award from Moneynet.



Our Managing Director of Property Finance talks about cutting red tape for SME housebuilders in this Show House article.

Our CEO talks about why the Northern Powerhouse is central to UK SME growth in this article in Business Advice.

Our research, on how savers would rather explain the offside rule than interest rates, is featured by London Loves Business.

Hire purchase and leasing finance for businesses and consumers via specialist independent introducers

Creative and customised relationship-based financing solutions for experienced property professionals

Short and long-term tailored mortgage lending for SMEs, trading businesses and investors

Straightforward and consistently competitive savings accounts, helping you get great value for your savings

Consistently competitive and transparent deposit accounts designed to help your organisation make the most of its surplus working capital

©2015 Hampshire Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. Our FRN number is 204601. We are a company registered in England and Wales, registration number 01311315. Registered office: 55 Bishopsgate, London EC2N 3AS. Hampshire Trust Bank, HTB and Hampshire Trust Bank shutter icon are registered trademarks of Hampshire Trust Bank Plc.