The UK private bank said deposits from clients increased by 39% to £696m for the year to 31 December 2021, compared to £501m in 2020, while loans and advances were up 29% to £422m compared to £326m in 2020.
The strong growth in loans and deposits was said to be driven by net client growth across the UK and increased referrals from professional intermediaries.
The bank said it also benefitted from strong demand for its lending solutions, which include residential, retirement, family guarantor, multi-property and buy-to-let mortgages.
Last year, Hampden extended its specialist offerings with the launch of a self-build mortgage and financing for eco-friendly homes and renewable energy initiatives.
The highest demand came from London and the South East, which accounted for around two-thirds of total lending.
The bank’s traditional Scottish markets also registered strong client and lending growth, while lending via referrals from mortgage intermediaries rose over 38%.
Hampden & Co chief executive Graeme Hartop comments: “The bank performed well in 2021 and demonstrated agility and resilience to help clients face the challenges of the pandemic. The rise in interest rates from the historic lows of the last few years will help us to achieve profitable scale. We see signs of further rates increases in 2022 in response to inflationary pressure.”
In light of the positive year-end results, Hampden & Co has added to its London and Edinburgh teams, as well as its board.
Colin Tate joined from Sainsbury’s Bank as chief operating officer and Ryan Beattie joined as a banking director from Adam & Company.
In addition, former Goldman Sachs director Caroline Taylor was appointed to the board as a non-executive director and chair of the remuneration committee, while Noble & Co chief executive Angus Macpherson joined the board as a non-executive director.
Looking ahead to the remainder of 2022, Graeme Hartop added: “To support our clients, we are investing in our team and in our core banking platform to further develop our high quality, relationship-driven service.”
