Hampshire Trust Bank’s profit more than doubles

Michael Lloyd

May 8, 2018

Hampshire Trust Bank has reported a pre-tax profit on continuing activities of £9.9m for the year ending 31 December 2017, a £5.5m increase compared to 2016.

Its property finance loan book rose from £207.5m in 2016 to £222.5m in 2017 and its specialist mortgages loan book increased from £101.3m in 2016 to £192.6m last year

This follows the appointment of Matthew Wyles as the bank’s chief executive in April.

Wyles said: “The bank delivered a strong financial performance in 2017 with solid growth across the board. Whilst obviously our business needs to grow further, we will continue to focus on ensuring that this growth is 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.”

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

Lending assets at the specialist bank increased by 36% to £632.3m (2016: £463.5m)

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