Our results showed continued success and strengthening performance.
Year ended 31 December 2023 highlights:
- Profit before tax increased to £5.5m.
- Bank’s franchise has grown to more than 7,400 customers.
- 93% of customers were satisfied with the service they received*.
- Total assets increased by £58.8m to £599.1m.
- Deposit balances increased by £53m to £500m.
- Since its launch in 2017, the Bank has lent over £600m in total to support SME businesses.
- The Bank’s net loan book increased by £11m to £414m.
- CET1 ratio increased to 16.0%.
*Based on the customer satisfaction survey conducted during the year.
You can download our latest Report and Accounts plus other key documents below.