Cynergy Bank, a UK lender headed up by former Bank of Ireland executive Nick Fahy, is looking to bring in new investment in a deal that would value the business at up to £1 billion (€1.15 billion). The London-based firm, which offers finance and bank accounts to British SME firms, has built out a £4 billion loan book, a figure expected to reach £5 billion by the end of the year. Cynergy was spun out of the UK loan book of the old Bank of Cyprus, which was bought by a quartet of investors for £103 million in 2018. Since…

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