The bank says it had already delivered pre-tax profits of £4.1m at the end of February, compared to £3.6m in it’s latest annual accounts to 30 September 2021.

It says property lending has continued to build momentum and is expected to originate more than £120m over the second half of this year. 

The fintech bank has also announced further investment in technology, implementing a modern SaaS based property originations platform, which it says will transform how it brings its specialist UK Property proposition to intermediaries and facilitate entry into the regulated bridge market. 

Castle Trust Bank chief executive Martin Bischoff says: “Our strong end-of-year results and the fact that we have already delivered more profit in the current financial year than the whole of last year, demonstrate our ability to scale whilst remaining profitable. We are on track to deliver a profit before tax in 2022 which is more than treble last year’s. This is all down to the continuous investment we are making in the latest digital technologies and our deep fintech expertise that enables us to provide our customers with seamless journeys.”