BIRA Bank celebrated its first £1m turnover month in March this year.
The figure represents an exceptional 76% increase on March 2013, and was the result of a surge in member enquiries across the full range of products offered for both business and personal requirements.

The British Independent Retailers Association (BIRA), of which BIRA Bank is a part, points out that the boost comes at a time when it is notoriously hard for businesses to access funding from high street banks.

BIRA Bank provides a specialist service that aims to support and allow independent retailers' businesses to grow and develop. If offers a core range of seven financial products, and several developments are planned for this year.

BIRA Bank managing director John Collins commented: "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're seeing the first signs that members are becoming more confident and choosing to invest in their future."