Locally-based bank, Skipton International, has announced its Quarter Three results for 2022.
Following on from a very positive first half of 2022, Quarter 3 (Q3) continued with a Profit before Tax of £11.4million, having achieved profits of £18million for the first half year.
Mortgages sustained their performance with 2022 lending up to end of September at £334 million, compared to £376million for the full year in 2021.
Despite ongoing challenges with interest rates worldwide, Skipton has offered a recent mortgage rate reduction and there are only 0.5 in 1,000 Skipton mortgages in any form of arrears – indeed, the bank has only ever repossessed two properties since 2002.
In a first for the bank, a range of US Dollar savings accounts have been introduced during the past quarter, thus increasing the opportunities for savings customers.
Skipton’s Community support continues; an additional £20,000 was donated to its Community Fund this year, to help support smaller Channel Island good causes and charities.
The bank was the winner of the Moneyfacts ‘Offshore Bank Account Provider of the Year’ award 2022, and finalist in the Chartered Institute of Public Relations awards, with the focus on customer service excellence ensuring a retention of the Feefo Platinum Trusted Service Provider award.
Jim Coupe (pictured), Managing Director, said: “This is an extremely strong set of results, and Skipton is on course for a record-breaking 2022. It’s not been possible, however, without Skipton’s exceptional employees.
“My colleagues constantly amaze me with their knowledge, efficiency and resilience. There have been external challenges this year and each and every one of them has more than risen to the occasion, always putting the customer first. Skipton’s business model has, once again, been proven to be robust.”