UK-based private bank Hampden & Co saw an £82m ($107m) growth in its deposits for H1 2020, a 24% rise year-on-year.
In addition, lending increased by £94m, a 61% increase year-on-year, and income rose by 16% to £4.8m for Hampden & Co in H1 2020.
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Furthermore, the bank completed a £7m capital raise as part of its capital plan. The second part of the firm’s planned capital raise is set for Q4 2020 with all shareholders having the opportunity to invest on terms expected to be similar to the previous raise.
Simon Miller also took over from Alex Hammond-Chambers as chairman in May.
Graeme Hartop, chief executive, said: “The extraordinary circumstances of the last few months have been challenging for all of us, but I’m very pleased with the way we have supported our clients in this environment, with our expert team working closely with clients to mitigate the economic impact and to help them navigate difficult times. Our systems and processes have allowed us to operate effectively throughout lockdown, at a time when many banks have been forced to reduce their levels of service. We continue to strengthen our banking teams in Edinburgh and London to keep pace with our growth.”
He added: “We are continuing to attract new clients who value the bespoke, relationship-driven way we do business, and we will shortly be launching a retirement mortgage product designed to give our older clients greater flexibility for their borrowing needs.”
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By GlobalDataAt the start of the year, Hampden & Co appointed Mark Thomson as its new head of credit.
Thomson, who has more than 35 years of experience in the banking domain, is joining Hampden & Co from the Scottish Building Society, where he held the role of CEO.
