Skipton International Announces Robust Interim Results

Guernsey-licensed bank Skipton International has announced a strong set of Quarter Three (Q3) results for 2022.

Guernsey-licensed bank Skipton International has announced a strong set of Quarter Three (Q3) results for 2022.

Following on from a very positive first half of 2022, Q3 continued with a Profit before Tax of £11.4 million. The first half year saw profits of £18million.

The mortgage book has sustained its performance with 2022 lending up to end of September at £334million, compared to £376million for the full year in 2021. There are only 0.5 in 1,000 Skipton mortgages in any form of arrears – indeed, the bank has only ever repossessed two properties since 2002.

In a first for the bank, a range of US Dollar savings accounts have been introduced during the past quarter, thus increasing the opportunities for savings customers.

The bank was the winner of the Moneyfacts ‘Offshore Bank Account Provider of the Year’ award 2022’, winner of the Mortgage Introducer ‘Mortgage Employer of the year’ award, and finalist in the Chartered Institute of Public Relations awards, with the focus on customer service excellence ensuring a retention of the Feefo Platinum Trusted Service Provider award.

Jim Coupe, Managing Director, said:

“This is an extremely strong set of results, and Skipton is on course for a record-breaking 2022. It’s not been possible, however, without Skipton’s exceptional employees. My colleagues constantly amaze me with their knowledge, efficiency and resilience. There have been external challenges this year and each and every one of them has more than risen to the occasion, always putting the customer first.

“Skipton’s business model has, once again, been proven to be robust.”

Please note that the figures are not audited.