Hampden Bank reports 2018 annual results
- Lending up 40 per cent, income up 63 per cent
- ‘UK Private Bank of the Year’ award*.
Since the year end:
- £9.8m of new investment
- Alan Hughes appointed Chairman
Edinburgh, London, 4 June 2019 - Hampden & Co plc, the private bank, reported its lending, deposits and income all up by double-digits in 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 Bank 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 Bank’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 Bank. 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.