Skipton International has announced its first-half results for 2021.
Unaudited profits before tax stood at £11.4m, compared with £9.9m in H1 2020. The bank now has assets in excess of £2bn.
During the first six months of the year, Skipton International’s mortgage book grew by £77m to £1,662m.
It said March was a record-breaking month for mortgage completions, in part driven by the initial UK Stamp Duty holiday announcement.
The bank recorded only five cases of arrears at the end of June 2021, representing less than one in 1,000 mortgages.
Skipton International Managing Director Jim Coupe (pictured) commented: "This is a strong performance that reflects our continuing growth.
"Our business model, which includes local mortgages, UK buy-to-let mortgages and sterling savings accounts, is successful and robust. These half-year results are testament to the commitment of every employee at Skipton International.”
Further information on Skipton International’s 2021 half-year performance can be found here