Select a region
Skipton International has announced unaudited profits of £11.4 million before tax in its half year results.
This compares favourably to the Guernsey-licensed bank's 2020 half year profits of £9.9 million.
During the first six months of the year, Skipton International’s mortgage book grew by £77 million to £1,655 million. March was a record-breaking month for mortgage completions, in part driven by the initial UK Stamp Duty holiday announcement.
The Bank recorded only five cases in any form of arrears at the end of June 2021, representing less than 1 in 1,000 mortgages.
"This is a strong performance which reflects our continuing growth," said Skipton International Managing Director Jim Coupe.
"Our business model, which includes local mortgages, UK Buy-To-Let mortgages and sterling savings accounts is well tested, successful and robust.
"These half year results are testament to the commitment and talent of every single employee at Skipton International.”
Further information on Skipton International’s 2021 half year performance can be found HERE.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.