Hampden & Co 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 & 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.