Swimarathon backer Skipton posts pre-tax £5.7m. profit
Thursday 7th March 2013, 11:00AM GMT.
SKIPTON INTERNATIONAL has announced pre-tax profits of £5.77m. for 2012.
The bank, based in Guernsey but operating across the islands, reported a successful year across its three trading divisions of mortgages, offshore retail and corporate saving, and retained its number-one spot as Guernsey’s leading new mortgage provider. It has also topped 1,000 home loans in Jersey.
Parent company Skipton Building Society, celebrating its 160th anniversary, has also announced a significant rise in profits, from £22.2m. to £36.4m. for 2012.
‘This is a strong performance by our parent, which also reflects our own continuing growth in the Guernsey and Jersey mortgage and savings markets,’ said Jim Coupe, managing director of Skipton International.
‘Our business model, which includes both local mortgages and deposit accounts, is well tested, successful and robust.’
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