Advanzia Bank is an international bank headquartered in London, England. Founded in 2005, the company operates in six different countries and employs over 25000 employees. The company’s headquarters is on Norfolk Street, while its registered office is at 45 Bishopsgate Gallery London EC2N 4AY, United Kingdom. It was granted a full banking license from the UK Financial Services Authority (FSA) for retail banking operations for customer accounts and lending activities on 1st September 2005.

The bank offers a range of products and services to both corporate clients as well as private customers. It is a full-service bank and offers products ranging from mortgage facilities to corporate loans.

The Advanzia bank has been able to grow due to the acquisitions of different banks across the world. Profits increased by 25% in 2007 compared to 2006.

It was founded in 2005 by co-CEOs John-Paul Crutchley and Serge Roubini, formerly partners at the international private equity firm 3i Group plc.

The company first raised funds from institutional investors, including Kima Ventures, Gobi Partners, and Russian Venture Company (RVC). Red Dot Capital Partners and The Royal Bank of Scotland Group are the bank’s other institutional investors.

The soft launch of Advanzia took place in September 2005, and the full launch in November 2005.

The company has subsidiaries, including Advanzia Insurance Broker Ltd, Advanzia Technology Corporation, and Advanzia Investment Real Estate Corporation.

In 2007, when it was initially listed on the London Stock Exchange (LSE), it raised £29 million from investors – its IPO was 6 times oversubscribed. As of 31st December 2007, it had total assets of £1.107 billion, and net income for that year amounted to £45 million – a 25% increase over 2006.

In October 2009, Advanzia Bank’s shareholders voted unanimously to remove Serge Roubini as co-CEO and replace him with Angela Knight.

In January 2010, the company bought Zetlands Credit Union (ZCU) for £170 million. The bank acquired 70% of the shares in ZCU, while its members held 30%. In October 2010, it completed its acquisition of a majority stake in Guernsey’s first and largest credit union, Guernsey Credit Union Limited, for £52 million. The deal further demonstrates Advanzia Group’s expansion into global financial services.