United Trust Bank (UTB) has announced that its balance sheet now exceeds £1bn following a successful year.
The specialist bank has increased lending volumes over the past year, as well as taking on more office space at its Moorgate HQ, as it continues to invest in people and technology across its divisions.
UTB currently has divisions providing development finance, mortgages, bridging finance, structured finance and asset finance.
Harley Kagan, group managing director at UTB (pictured above), said it was an exciting moment when the balance sheet surpassed £1bn.
“United Trust Bank has more than quadrupled in size in the last five years in several key measures, including staff numbers, customer deposits and total assets.
“However, we have no intention of taking our foot off the gas.”
Looking to the future, Harley added: “We remain optimistic and excited about what lies ahead.
“We have ambitious plans to maintain our growth, continue developing new products and explore new and exciting opportunities, while at the same time delivering the very best service to our broker partners and customers.
“Becoming a billion-pound business was a big moment for us, but it’s just one more step on our journey to becoming the UK’s leading specialist lender.”
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