Skipton has delivered another strong set of results, announcing profits of £25.5 million before tax for 2021, a 28% increase on the previous year.
The bank has recorded a very successful year, and, in particular, saw its mortgage book increase by £123 million whilst announcing a 60% increase on UK mortgage completions. Gross mortgage lending in 2021 was £376 million, with the bank continuing its support of first-time buyers, the Guernsey Housing Association scheme and the Andium Homes scheme in Jersey.
Additionally, it is the first Channel Island bank to become a signatory to the United Nations Environment Programme – Finance Initiative, reinforcing the firm’s commitment to an environmentally sustainable future.
Commenting on the results, Skipton managing director Jim Coupe said: “This is a strong performance which reflects our continuing growth. Our business model, which includes both local and UK buy-to-let mortgages, plus deposit accounts, is well tested, successful and robust. We pride ourselves in our approach to customer service, and were pleased to have been chosen as a finalist in the National Customer Service Awards.
Skipton is an active supporter of the communities in which it operates and it will again be the lead sponsor of the Skipton Swimarathon in Guernsey and the Skipton Big Ideas in Jersey in 2022.
Skipton is a strong and stable international bank with offshore savings customers in more than 100 countries worldwide. It is a wholly owned subsidiary of Skipton Building Society, the UK’s 4th largest Building Society with assets exceeding £29 billion.
The main image shows Skipton’s senior management committee (left to right): Nigel Pascoe, Simon White, Josie Paint, Jim Coupe and Jonathan Dell.
