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Allica Bank

General Information


Allica began life as Civilised Bank, which was awarded a banking licence in May 2017, although it had to hand this back a year later having failed to meet the regulatory requirements to exit mobilisation. Having developed its technology platform, had changes in its executive team and rebranded as Allica, the bank was authorised in September 2019. It launched its first savings products on 1st April 2020.

Banking Licence

Allica have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 7706156
Financial Conduct Authority: 821851

Based: Milton Keynes but with an office in London

Date Launched: September 2019

FSCS Protected? Yes

Branches: Allica does not have any branches

People of Interest

Head of Savings

Lawrence Holland

Chief Executive

Richard Davies

Saving Information

No. of Savers

Unknown - estimated at circa 20,000

Amount of Deposits

£800m as at 31st December 2021

Loan Book

£560m as at 31st December 2021

Account Opening and Management

How Do I Open a Savings Account


How Do I Manage a Savings Account



Lending Activities

Allica has four principle areas of lending:

1) Asset finance - lending £25,000 - £500,000 to businesses to finance assets such as plant and machinery, manufacturing and production equipment and transportation

2) Commercial mortgages - lending £150,000 - £5m to businesses to purchase their own premises or to purchase commercial premises to rent to other businesses

3) Buy to let mortgages - Allica has agreed a five year funding partnership with specialist buy to let mortgage lender Landbay, to fund up to £200m per annum of residential buy to let mortgages

4) SME lending - Allica acquired a £0.6bn portfolio of commerical lending from Allied Irish Bank, in November 2021



Feefo Reviews

No reviews on Feefo

Savings Guru Verdict

Allica Bank has offered a small selection of savings products since its launch in April 2020 - a 95 Day Notice Account, and 1 & 2 Year Fixed Rates for both personal and business customers.  These have only generally been offered for short periods of time because it's still very much in its infancy and its small lending book means its got limited capacity for new savers.  Hopefully its purchase of AIB's UK SME lending portfolio and its deal with Landbay will see it become a more consistent name in our savings tables as it funds those books and their own organic growth.

Contact Information for Allica Bank

Contact Details

Address: 500 Avebury Blvd, Milton Keynes, MK9 2XX

Telephone: 0330 094 3333


Email: [email protected]

Open: Monday to Friday, 9am - 5pm

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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