Skipton International has delivered another strong set of results, announcing profits of £25.5m before tax for 2021, a 28% increase on the previous year.
The bank reported a very successful year, and, in particular, saw its mortgage book increase by £123m whilst announcing a huge 60% increase on UK mortgage completions.
Gross mortgage lending in 2021 was £376m, with the bank continuing its support of first-time buyers.
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.
Skipton International 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 International is a wholly owned subsidiary of Skipton Building Society, the UK’s fourth largest Building Society with assets exceeding £29bn.
