Skipton post pre-tax profits of £25.5m, a rise of 28%

Friday 04 March 2022

Skipton has announced pre-tax profits of £25.5m for 2021, a 28% increase on the previous year.

The Guernsey-headquartered bank, which has a mortgage centre in Waterloo Street, said it had been “a very successful year,” with its mortgage book increasing by £123m and UK mortgage completions rising by 60%.

Gross mortgage lending in 2021 was £376m, with the bank continuing its support of first-time buyers, the Andium Homes scheme and the Guernsey Housing Association scheme.

Skipton managing director Jim Coupe said: “This is a strong performance which reflects our continuing growth. 

“Our business model, which includes both local and UK buy-to-let mortgages, plus deposit accounts, is well tested, successful and robust. We pride ourselves in our approach to customer service, and were pleased to have been chosen as a finalist in the National Customer Service Awards."

Skipton is an active supporter of the communities in which it operates and it will again be the lead sponsor of the Skipton Big Ideas in Jersey and the Skipton Swimarathon in Guernsey in 2022.

It is a wholly owned subsidiary of Skipton Building Society, the UK’s fourth largest building society with assets of more than £29 billion.

Pictured top: Skipton's Nigel Pascoe, Simon White, Josie Paint, Jim Coupe and Jonathan Dell.