Guernsey-licensed bank Skipton International has reported profits of £47.3m before tax for 2023, an 18.4% increase on 2022.
Gross mortgage lending in 2023 was £375m.
Jim Coupe, chief executive officer at Skipton International, said: “This is another strong performance which reflects our continuing growth.
“Our business model, which includes both local and UK Buy-To-Let mortgages, plus savings accounts, is well tested, successful, and robust.
“We pride ourselves in our personal approach to customer service and have held the Feefo Platinum award for three consecutive years.
”One exciting achievement was the announcement by the respected independent organisation ‘Moneyfacts’ that Skipton International had won its third consecutive award for being ‘Best Offshore Account Provider of the Year’ as voted for by our customers.
“Testament, indeed, that we have got it right by offering the right products and serving our customers as they wish.”
In 2023 the bank added a further £70,000 to the Skipton Community Fund, helping good causes across the Channel Islands, in addition to sponsorships of the Skipton Swimarathon and Skipton Boxing Day Dip in Guernsey, Skipton Big Ideas and Jersey Special Gymnastics Club in Jersey.
