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About Us
Broadcastle Bank
Limited became a part of Siemens Financial Services UK operations in 2005, following
the acquisition of Broadcastle plc, a listed and publically quoted
banking and financial services group by Siemens AG. The acquisition complemented
Siemens Financial Services' existing activities and has enabled both Siemens AG and
Broadcastle to create a larger, combined business supported by an ambitious
worldwide parent, enhancing performance within a competitive market.
Since its acquisition,
the asset-backed lending and financing activities of the specialist, niche
subsidiaries within the Broadcastle group have been integrated into Siemens
Financial Services core business, strengthening the company's position as a
leading provider of innovative finance solutions to UK businesses and public sector organisations.
Broadcastle Bank provides a range of commercial funding and asset backed
financing facilities, with a focus on funding to the public sector market, as
well as offering whole-sale deposit facilities. Broadcastle Bank also provides
banking and treasury services to the wider Siemens group and is strategically
aligned to Siemens core markets.
The roots of
Broadcastle Bank go back to 1954 when the business was first incorporated as Horton
Securities Limited and as a licensed deposit taker, subsequently changing to Horton
Bank Limited in 1998. The business adopted the Broadcastle name in 2004,
reflecting the name of its parent since 1982, with Broadcastle plc having a
full listing since 1994. In the period up to the acquisition by Siemens in
2005, Broadcastle had developed as a banking and financial services group
operating through subsidiaries in a number of niche markets.
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