BUSINESS

Co-owned bank makes its first profit of £4.1m

A bank that is co-owned by the Cambridgeshire Local Government Pension Fund has gone into profit for the first time.

By MJ reporter | 06 May 2015

A bank that is co-owned by the Cambridgeshire Local Government Pension Fund has gone into profit for the first time.

The Cambridge and Counties Bank, which is jointly-owned by the University of Cambridge's Trinity Hall and Cambridgeshire Local Government Pension Fund, reported pre-tax profits of £4.1m for 2014 in its annual results, which were published on 27 April.

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Popular articles by MJ reporter

  1. Survey reveals interest in PSAA scheme
  2. Winning on social housing in Hull
  3. Cut for IDeA's sector-led improvement grant
  4. Researchers to look at '200-mile long Whitehall screwdriver'
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