Page 9 - 86395_CCB - 2024 Annual Report (web)

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our technology enablement programme Our Wider Team
which is delivering a faster and better Nothing that has been achieved this
client experience. Our plans include year would have been achieved without
significant investment in this programme our wonderful wider team. They have
which will ensure that we remain the continued to give their all to the benefit
specialist SME bank of choice in our of the Bank and have been tremendously
chosen markets. supportive, going the extra mile throughout
We are confident that we can deliver another challenging year. On behalf of
this plan. Key risks to delivery are failure myself and the Board, I thank everybody
by the Government to support continuing for their contribution to the Bank’s success
economic growth and unforeseen impacts this year. The Board and Executive Team
from the regulator in implementing the work hard to create an environment which
Basel 3.1 and Small Domestic Deposit encourages a team based, collaborative
Takers reforms. It is still early days for these and diverse high performance culture.
reforms and we cannot yet discern precisely
what the future capital regime will be. Conclusion
However, from what we can see, the new
regime should not impede our plans. It is to be hoped that the UK Government’s
We remain committed to the ESG intentions to deliver economic growth
agenda and to ensuring that we maintain will bear fruit in 2025 and the geopolitical
a strong environmental and socially risk will decline, creating a more benign
responsible dimension to our thinking environment for business. Cambridge
and work. We endeavour to support a just & Counties Bank is well capitalised, has
transition to net zero in the products that good and relevant products for its chosen
we offer to clients and in the way that we sectors which we can and will continue
conduct our business. Our continuing to promote, expanding our market share,
B Corp membership evidences our delivering a great experience for our clients,
commitment to being a responsible above average returns for our shareholders
business, keeping pace with wider societal and a vibrant and stimulating workplace for
expectations whilst ensuring that our our people, taking what further challenges
growth is sustainable and robust. the wider world throws at us in our stride.
The remainder of the Annual Report
Our Board and Senior Executive Team describes the Bank’s progress through
2024 and explores the opportunities and
Last year I reported Andrea Hodgson’s challenges that we face and our plans for a
intention to retire as Chief Financial Officer prosperous future.
during 2024. Andrea left us in the Autumn
after seven very successful years as CFO. Patrick Newberry
Her contribution to the Bank’s success Chairman
was considerable and I would like to thank 27 March 2025
Andrea on behalf of shareholders, the
Board and all of our employees for her hard
work, attention to detail and the very high
professional standards that she brought to
everything she did at the Bank. She will be
much missed and we wish her well in her
new portfolio career as a Non‑Executive
Director in the financial sector.
I am delighted that we have been able
to recruit Richard Hanrahan as our new
CFO. Richard brings extensive financial and
treasury experience from a range of senior
roles in the banking sector and we are
very much looking forward to the benefit
of the application of that experience and
a fresh pair of eyes to our financial affairs
and performance.