Hampden & Co, the independent bank, has increased income by 138% and nearly doubled the volume of loans it makes to clients.
In the second full year of trading, the Edinburgh-based bank also saw loans grow by 96% to £94.2m and deposits by 35% to £194.6m.
Hampden & Co was created to provide a personal, professional banking service, in contrast to an industry that is moving in a direction of automation and digital self-service.
Graeme Hartop, CEO of Hampden & Co, said: “I am delighted to be reporting such strong growth figures, which have been driven from both our London and our Edinburgh offices. Our growth demonstrates the fact that there are many successful people who value the service we offer, and are attracted to a bank based on traditional values and personal service.
“When we launched we were the only Private Bank that focused purely on banking. By working alongside other advisers we are able to form part of a client’s advisory team, to work together on a client’s behalf. This focused position has been welcomed by clients and fellow professionals alike”
Chairman Ray Entwistle said: “The bank has continued to progress very well and is in excellent shape. Whilst I am delighted with our financial results, it is the ongoing feedback I receive from our clients that is particularly pleasing, and shows we are growing from strong foundations. The fact that our clients have been introducing younger generations from their families to us, has also been well received. It is rewarding to see younger people becoming part of Hampden & Co, something we visualised from the inception.”
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