Hampden Bank’s annual results for 2024 show that both deposits and lending grew by double-digits while the number of clients reached 6,000, supported by introductions from clients and professional advisers.

Total lending increased by 20% year-on-year to £586m (2023: £488m), on the back of strong demand as interest rates stabilised.

The bank registered a pre-tax profit of £8.2m, down from £9.1m in 2024, reflecting the higher cost of deposits and continued investment in people and technology. The bank relaunched its digital banking app in November 2024.

The bank moved to new premises in Edinburgh in March and will move to larger offices in London over the summer. It also announced that it will expand its footprint, serving the North and Midlands from a new Manchester base this year.