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

Download the full report below.