Guernsey bank Skipton International has reported strong growth
in both mortgage lending and savings for 2014.
The bank saw its savings book grow by 14.7% from £784
million in 2013 to £899 million last year. Likewise its
mortgage lending also reported similar growth, rising from
£689 million to £791 million, a growth of 14.2%.
The local bank's growth reflects an outstanding year for its
parent company, Skipton Building Society (SBS) in the UK, where the
society's profits rose to £182 million, up 75 per cent
year on year.
Jim Coupe, Managing Director of Skipton International, said:
"It is excellent news to see Skipton International and our
parent company performing so well in what is still a challenging
environment, particularly for savers. Our success is further proof
that the mutual values we retain here in Guernsey, that of
excellent customer service and transparent products with a prudent
approach to lending and investing, work and are appreciated by
