Private bank Hampden & Co has recorded strong half-year results, with gross lending rising to £461m for the first six months of 2023.
This is a 6% increase compared to the same period last year.
Retirement mortgages continue to see heightened demand, rising by 10% in the first half of the year and a huge 39% year-on-year.
Total income for the first half of 2023 was up 74 percent year-on-year to £15.5m, with the bank registering a pre-tax profit of £5m.
Meanwhile, total deposits also rose 6% to £773m as the bank saw an 8% increase in clients across the first six months of the year.
Hampden & Co chief executive Graeme Hartop says: “The UK banking sector continues to experience change and we believe we are very well positioned to increase market share in the private banking sector as well as to meet the needs of underserved high-net-worth customers of High Street banks.”
