Lending, deposits and income at fledgeling private bank, Hampden & Co plc are all up by double-digits according to its 2018 Results.
Lending was up 40 per cent to £132.5 million, deposits up 38% to £267.5 million and total income up 63 per cent to £6.4 million.
In April 2019, Hampden & Co shareholders invested a further £9.8 million in the three year old bank.
CEO, Graeme Hartop, said: “This growth demonstrates the demand for our truly personalised private banking service. And we added to it in February 2019 our digital banking service and mobile app.”
Hampden & Co’s founder, Ray Entwistle, retired as chairman in 2018 and is succeeded by Alan Hughes. Alan commended Ray’s highly successful career of over 50 years culminating in the creation of Hampden & Co. Alan Hughes said: “After only three years Hampden has been awarded ’UK Private Bank of the Year*, Ray has a great deal to be proud of.”
Hughes is an industry stalwart, a previous CEO of First Direct Bank, a former executive board member at HSBC and he serves as Pro-Chancellor and Deputy Chair at Loughborough University.
Hampden & Co became the first UK private bank to be established in a quarter of a century when it opened for business in June 2015 and won the “Private Bank of the Year (UK)” at the Spear’s Wealth Management awards in November 2018.