Investec’s UK specialist banking operation has reported that net core loans grew 1.4% to £16.8bn for the year to end of March 2025.

The company said that the total annual figure was driven by growth in the UK residential mortgage lending portfolio, while the corporate lending segment remained flat in a constrained market environment.

The banking group recorded a 7.8% jump in operating profit to just over £1bn for the year.

Commenting on the results group chief executive Fani Titi said   he was pleased to report a strong performance in a volatile operating environment and that surpassing £1bn for the first time in the bank’s history, demonstrated the underlying strength of its differentiated client franchises.

Earlier this month, Investec Bank launched a bespoke buy-to-let service aimed at high-net-worth UK expats in Dubai or Switzerland.

The lender said the new offering has been tailored for investors who plan to build UK and Channel Islands property portfolios while living abroad.