Non-public financial institution Hampden & Co has recorded robust half-year outcomes, with gross lending rising to £461m for the primary six months of 2023.
This can be a 6% improve in comparison with the identical interval final 12 months.
Retirement mortgages proceed to see heightened demand, rising by 10% within the first half of the 12 months and an enormous 39% year-on-year.
Whole revenue for the primary half of 2023 was up 74 % year-on-year to £15.5m, with the financial institution registering a pre-tax revenue of £5m.
In the meantime, whole deposits additionally rose 6% to £773m because the financial institution noticed an 8% improve in purchasers throughout the primary six months of the 12 months.
Hampden & Co chief govt Graeme Hartop says: “The UK banking sector continues to expertise change and we imagine we’re very properly positioned to extend market share within the personal banking sector in addition to to satisfy the wants of underserved high-net-worth clients of Excessive Avenue banks.”
