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Hampshire Trust Bank pre-tax profit more than doubles

Tom Belger | 12:33 Tuesday 8th May 2018

Hampshire Trust Bank (HTB) has reported a pre-tax profit on continuing activities of £99m for the year ending 31st December 2017.

The specialist bank saw a £5.5m rise compared with 2016, while also reporting a 36% increase in lending assets to £632.3m.

In addition, the bank announced that customer numbers increased to 19,600, a 20% increase on numbers at the end of 2016.

Matthew Wyles, CEO at HTB (pictured above), said it would continue to focus on ensuring that this growth was controlled and sustainable.

“Central to our mission is to deliver consistently positive customer experience and outcomes.

“To this end, we will invest relentlessly in our infrastructure, processes and technology to ensure that the business is standing on a stable, flexible and scalable platform.”

HTB saw its property finance loan book increase to £222.5m during 2017, while its asset finance loan book reached £154.1m and specialist mortgages hit £192.6m.

“Our developing franchise in the markets we serve will rely on a strategy of differentiation through excellence and expertise,” added Matthew.

“This means that the quality, commitment and capabilities of our people are central to our future success and we will position the bank as a magnet for the brightest and best.”

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