News
‘Strong’ intermediary support sees Hampden and Co’s lending rise to £555m in H1
Private bank Hampden and Co has reported a 20.4% annual rise in total lending to £555m, thanks to “strong support from mortgage intermediaries”.
The private bank said it saw growth in the first half of 2024 and attributed a rise in client numbers to referrals from professional advisers and introductions from existing customers. During the period, Hampden and Co saw a 15% increase in its customer base since last year.
Hampden and Co reported a pre-tax profit of £4.2m, down from £5.1m the year before. The bank said this reflected the higher cost of deposits as the demand for term deposits continued.
Total deposits across current, call, notice and term accounts increased by 15.8% to £895m, up from £773m in 2023.
It generated a total income of £14.9m in the first six months of the year, while its balance sheet assets reached £1bn for the first time.
Graeme Hartop (pictured), CEO of Hampden and Co, said: “Our results for the first half of 2024 reflect our reputation for personalised service and the value clients across the UK place on having a banker they can speak to.
Introducing the Green Living Reward
Your clients can now get up to £2,000 cashback for making energy-efficient home
Sponsored by Halifax Intermediaries
“We continue to invest in the business, to add to and enhance the experience for clients. Apple Pay and Google Pay are recent additions, and we will upgrade our digital banking service later in the year.”
In October, Hartop will depart from his position as CEO at Hampden and Co after 11 years. He will be succeeded by Tracey Davidson, who joins from Handelsbanken UK, where she was deputy CEO.