Raphaels Bank

R. Raphael & Sons plc
Type	Private company limited
Industry	Financial services
Founded	1787 (1787)
Founder	Raphael Raphael
Headquarters	London, England, UK
Key people	J H A Quitter (Chairman)
Products	personal savings, multi-currency ATMs, consumer credit, prepaid cards, credit cards
Revenue	£ 91.6 million (2013)
Operating income	£ 38.2 million (2013)
Net income	£ 4.1 million (2013)
Number of employees	84 (2013)
Parent	Lenlyn Holdings plc
Website	raphaelsbank.com

R. Raphael & Sons plc, trading as Raphaels Bank, is a small UK-based independent bank that provides prepaid and credit card services, personal savings products, consumer credit, and a multi-currency ATM network.^[1]^[2] It was established in 1787 by Dutchman Raphael Raphael who moved to London at the start of the Napoleonic wars. The bank was owned by the Raphaels family until 1983 and has been owned by the Lenlyn Holdings plc since 2004.^[3] In early 2016 plans became public, that PayPal will use Raphael Bank to offer Mobile Payment Services in Germany and in Italy, by integrating into the Vodafone Wallet.

History

R Raphael & Sons was founded by Dutchman Raphael Raphael, in 1787. Raphael built up a considerable wealth during the Napoleonic wars, and later diversified the business to include stockbroking, foreign banking and bullion broking.^[4]

Successive generations of the Raphael family moved into public share issues, raising loans for European governments, and transactions in American railway stocks in Europe. In 1890, Raphael's was a major contributor to the Bank of England fund to rescue Barings Bank.

The Raphael family finally severed links with the bank in 1983. Since 2004, the bank has been a subsidiary of Lenlyn Holdings Plc. The bank is sited in Piccadilly, London and at Walton Lodge, in Walton, Aylesbury a grade II listed building, part of Walton Terrace.

References

↑ "Raphaels bank issues prepaid card for RAC customers". SourceWire news distribution. May 27, 2014.
↑ "Raphaels Bank Regulatory Status". Financial Conduct Authority. Retrieved August 23, 2014.
↑ "About us - A proud tradition of dedicated personal service and expertise". Raphaels Bank. Retrieved August 15, 2014.
↑ "About Raphaels".

External links

Official site

Commercial and retail banks in the United Kingdom

Banking in the United Kingdom

Barclays	Barclays Bank Barclays Wealth

CYBG	Clydesdale Bank Yorkshire Bank

HSBC Holdings	First Direct HSBC Bank HSBC Private Bank M&S Bank

Lloyds Banking Group¹	Bank of Scotland Bank of Wales Birmingham Midshires Halifax Lloyds Bank

Royal Bank of Scotland Group²	Adam and Company Child & Co. Coutts & Co. Drummonds Bank NatWest Royal Bank of Scotland Ulster Bank Isle of Man Bank

Santander Group	Cahoot Cater Allen Santander UK

Wholly state-owned	National Savings and Investments UK Financial Investments UK Asset Resolution Bradford & Bingley³ NRAM³

Other	Airdrie Savings Bank Al Rayan Bank Aldermore Allied Irish Bank (GB) First Trust Bank Arbuthnot Latham & Co Secure Trust Bank Bank and Clients Bank of Ireland Butterfield Bank Cambridge & Counties Bank C. Hoare & Co Close Brothers Group The Co-operative Bank Smile Danske Bank Duncan Lawrie Handelsbanken Harrods Bank ICICI Bank UK Julian Hodge Bank Kingdom Bank Kleinwort Benson Metro Bank Monzo OneSavings Bank Post Office Money Raphaels Bank Reliance Bank N M Rothschild & Sons Sainsbury's Bank SG Hambros Shawbrook Bank Standard Chartered Tesco Bank Triodos Bank TSB Unity Trust Bank Virgin Money

"Big Four" banks are underlined and private banks are shown in italics ¹ 8% owned by UKFI ² 73% owned by UKFI ³ Mortgage assets only

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