Bira bank celebrated its first £1 million pound turnover month in March, representing a 76% increase on March 2013, as a result of a surge in member enquiries.
Part of the British Independent Retailers Association (bira), bira bank is the only trade association-owned bank in the UK. It provides a specialist service, with the aim of supporting and enabling independent retailers’ businesses to grow. It offers a core range of seven financial products in its portfolio, with several developments planned for this year.
Bira bank managing director John Collins said: “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 retail membership is open to independent retailers across the UK from single retail outlets to small chains, department stores, dealers and merchants, as well as associate membership for suppliers, manufacturers and distributors to the independent retail sector.
Bira comprises six divisional trade associations across a range of industry sectors including British Hardware Federation (BHF) and Cookshop and Housewares Association (CHA).