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| Industry | Financial services |
|---|---|
| Headquarters | Monmouthshire House, John Frost Square, Newport, NP20 1PX, Wales |
| Products | Retail banking Business banking |
| Owner | Monmouthshire Building Society |
| Parent | Cambria Cydfuddiannol Ltd |
| Website | https://www.monbs.com/about-us/community-bankbanc-cymunedol/ |
Banc Cambria is a proposed Welsh community bank currently under development and aimed to be operating in Wales. [1] It was originally proposed for 2023, but later delayed.
The Monmouthshire Building Society is working with the Welsh Government and Cambria Cydfuddiannol Ltd (CCL) to form Banc Cambria by 2023.
The aim will be to develop a community bank across all of Wales, with the provision of retail banking services by 2023. [2]
The Welsh Government has disclosed that 30 branches could be opened across Wales in the next decade. [3] Social Minister for Wales, Jane Hutt stated to Senedd members, "It's going to be a mutual owned by and run for the benefit of its members". [3] Banc Cambria will aim to provide a full banking service across all of Wales and differently to other typical banks, it will be owned and ran by its own members rather than shareholders. [4]
In February 2023, Minister for the Economy, Vaughan Gething stated the bank would not be set up in 2023 as originally proposed, and was delayed due to the economic climate. [5]
In July 2023, Monmouthshire Building Society announced that it will no longer be working to deliver the community bank due to "the current unpredictability and ongoing challenges facing the UK economy". [6] Vaughan Gething said the Welsh Government remains committed to delivering a community bank and will be seeking a new partner in the finance sector to take the plans forward. [7]
"Banc" in Welsh for bank, whereas "Cambria" is the Latin name for Wales, being the Latinised form of the Welsh name for the country, Cymru . [8]
Cardiff University is a public research university in Cardiff, Wales. It was established in 1883 as the University College of South Wales and Monmouthshire and became a founding college of the University of Wales in 1893. It was renamed University College, Cardiff in 1972 and merged with the University of Wales Institute of Science and Technology in 1988 to become University of Wales College, Cardiff and then University of Wales, Cardiff in 1996. In 1997 it received degree-awarding powers, but held them in abeyance. It adopted the operating name of Cardiff University in 1999; this became its legal name in 2005, when it became an independent university awarding its own degrees.
Until 1974, Monmouthshire, also formerly known as the County of Monmouth, was an administrative county in the south-east of Wales, on the border with England, and later classed as one of the thirteen historic counties of Wales. Its area now corresponds approximately to the present principal areas of Monmouthshire, Blaenau Gwent, Newport and Torfaen, and those parts of Caerphilly and Cardiff east of the Rhymney River.
The First Minister of Wales, known as First Secretary of Wales from 1999 until 2006, is the leader of the Welsh Government and keeper of the Welsh Seal. The first minister chairs the Welsh Cabinet and is primarily responsible for the formulation, development and presentation of Welsh Government policy. Additional functions of the first minister include promoting and representing Wales in an official capacity, at home and abroad, and responsibility for constitutional affairs, as they relate to devolution and the Welsh Government.
Politics in Wales forms a distinctive polity in the wider politics of the United Kingdom, with Wales as one of the four constituent countries of the United Kingdom (UK).
The economy of Wales is part of the wider economy of the United Kingdom, and encompasses the production and consumption of goods, services and the supply of money in Wales.
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The Minister for the Economy is a member of the Cabinet in the Welsh Government. The current officeholder is Vaughan Gething MS.
Vaughan Gething is a Welsh Labour and Co-operative politician who is First Minister–designate of Wales and the leader of Welsh Labour since 2024. He previously served as the Minister for Health and Social Services from 2016 to 2021. He has been the Member of the Senedd (MS) for Cardiff South and Penarth since 2011.
Jeremy Miles is a Welsh Labour Co-op politician, serving as Minister for Education and Welsh Language in the Welsh Government since 2021. Prior to his present ministerial post, he served in the Welsh Government as Counsel General for Wales from 2017 to 2021, Brexit Minister from 2018 to 2021, and the Minister for coordinating Wales’ recovery from the COVID-19 pandemic from 2020 to 2021. Miles has been the Member of the Senedd (MS) for Neath since 2016.
Mark Drakeford is a Welsh politician serving as First Minister of Wales since 2018. He previously served as Leader of Welsh Labour from 2018 to 2024, and in the Welsh Government as Cabinet Secretary for Finance from 2016 to 2018 and Minister for Health and Social Services from 2013 to 2016. Drakeford was first elected as the Member of the Senedd (MS) for Cardiff West in 2011 and is considered to be on the Soft left of Labour.
Black Welsh people are inhabitants of Wales who have an African or an Afro-Caribbean background and are black. Wales is home to one of the United Kingdom's oldest black communities, and Tiger Bay in Cardiff has housed a large Somali population since the development of the port in the 19th century. The 2011 census reported that there were more than 18,000 Welsh-African people in Wales.
The North Wales Metro is a rail and bus transport improvement programme in north Wales. Styled as a "Metro", it is conceptually a multi-modal system with a combination of bus, heavy rail, and light rail services. It was initially focused on linking major settlements and employment areas of the north-east of Wales with the North West of England, with its hubs located in Wrexham, Chester and Deeside, although the programme has since expanded, with proposals extending to Anglesey in the north-west of Wales. The existing Borderlands line forms a core rail component of the network, where projects to increase connections, integrated access, and service frequency between Wrexham, Deeside and Liverpool are centred upon. The proposals were put forward in 2016 as is part of Welsh Labour's plan for north Wales. Labour has pledged to open the system by 2035. The proposals were included in the 2018 Wales & Borders franchise contest. It is the second of the three regional metros proposed by the Welsh Government to go ahead, after the South Wales Metro, and before the Swansea Bay and West Wales Metro. The project is described to be in its initial phases.
The 2018 Welsh Labour Party leadership election took place between 9 November and 6 December 2018 to elect a successor to Carwyn Jones as leader of the Welsh Labour Party.
The COVID-19 pandemic was confirmed to have spread to Wales on 28 February 2020, with a case being reported in the Swansea area; this first known case was a person who had recently returned from Italy. The first known case of community transmission was reported on 11 March in the Caerphilly area.
The Armed forces in Wales are the military bases and organisation in Wales or associated with Wales. This includes servicemen and women from Wales and Welsh regiments and brigades of the British Armed Forces.
Banking and finance in Wales is the industries of banking and finance in Wales.
The 2024 Welsh Labour leadership election took place between February and March 2024 to select Mark Drakeford's successor as leader of Welsh Labour, who in turn would become First Minister of Wales. Drakeford announced his resignation and retirement on 13 December 2023, five years after his election. Voting began in February 2024 with the new leader announced on 16 March 2024. Vaughan Gething won the election with 51.7% of the vote. The next scheduled Senedd election is due on or before 7 May 2026.
The Deputy Minister for Social Partnership is a deputy minister of the Welsh Government, accountable to the Welsh cabinet minister for social justice. The current officeholder is Hannah Blythyn since May 2021.
The National Contemporary Art Gallery for Wales is a proposed branded network of art galleries distributing Wales' existing contemporary art collection. It is being developed by a partnership of Amgueddfa Cymru – Museum Wales, the Arts Council of Wales, the Welsh Government and the National Library of Wales. The gallery is also proposed to have a main site, alongside a network of existing venues, although due to budget constraints having a main site is being reconsidered or to be delayed.
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