The bank has total committed and in progress lending exceeding £850 million, meaning it is now forecast for a full year of profitability in 2023. British AgTech bank Oxbury has broken even just two years after launch and is on target to hit £1 billion in lending by next year.
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James Farrar, CEO, Oxbury, says: “Oxbury’s personal relationship-led approach, supported by our Oxbury Earth banking platform, is essential in serving the needs of Britain’s rural economy.”
Oxbury says growth has come from long-term lending, delivered via it team of on-farm relationship managers as well as working capital delivered via principal distributors across the UK. The challenger has developed a propriety core banking platform, called Oxbury Earth that, it says, enables rapid product development to help farmers and the food supply chain deliver improved sustainability, provenance and productivity.
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