<\/p>\n
Tracey Davidson: position of strength<\/p>\n
Hampden Bank chief executive Tracey Davidson is sticking to her \u00a320 million profit target despite a second successive annual fall.<\/p>\n
Profit before tax at the Edinburgh-based private bank came in at \u00a37 million, down from \u00a38.2m in 2024 and \u00a39.1m in 2023, as interest rates fell faster than forecast and it invested in expanding its operations.<\/p>\n
Ms Davidson is putting her faith in a growing team and a client base that leapt by 7% to almost 6,500 during 2025.<\/p>\n
Client deposits also increased, from \u00a3991m to \u00a31.12 billion. Loans and advances rose from \u00a3586m to \u00a3640m, while total income edged up slightly from \u00a330.3m to \u00a331.5m.<\/p>\n
The bank followed up the 2025 dividend with proposed a 5% increase for this year.<\/p>\n
Its 10th anniversary year was marked by the opening of an office in Manchester and moves into new offices in Edinburgh and London. It now has 162 staff.<\/p>\n
Ms Davidson said: \u201cOur strategy sets out a vision for a sustainable, growing private bank, recognised for the quality of its client relationships, the strength of its risk management, and the professionalism of its people, all of which are vital to deliver on our strategic ambition to generate in excess of \u00a320m of annual profit before tax by 2030.<\/p>\n
\u201cWhilst economic and geopolitical uncertainties are likely to persist, the bank enters its next phase of growth from a position of strength \u2013 we have a clear strategic direction, a resilient business model, a growing and loyal client base, and a committed team of talented colleagues.\u201d<\/p>\n
David Huntley, who became chair in September, replacing Simon Miller on his retirement, commented: \u201cThe year witnessed several important milestones, including the bank\u2019s first decade in business, surpassing \u00a31 billion in deposits, expansion into the north and Midlands with the addition of a new banking team and significant new office upgrades in both Edinburgh and London.\u201d<\/p>\n
\t #Hampden #Bank #sticks #profits #target #fall #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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