Private bank boosts funds

Hampden raising £3m as lending rises 16%

Graeme Hartop

Graeme Hartop: strengthening leadership team

Private bank Hampden & Co is raising £3 million from existing investors which will take new funding to £10 million this year. 

The Edinburgh-based bank has reported strong results during Q3 on the back of demand for borrowing. 

Total lending was up 16% against the previous quarter at £289 million and increased 77% on a year-on-year basis. 

Deposits also increased over the quarter, up £5.2 million, despite the drop in interest rates to historic lows, and were up 13% at £65 million on a year-on-year basis. 

David Huntley has joined the board and will become chairman of the risk committee. 

Mr Huntley, who is a qualified actuary, previously worked at Pearl Life, Scottish Re and Swiss Re Life. 

Graeme Hartop, CEO, said: “We strengthened both the leadership team and the board this year, and David is another key appointment for the bank.”

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.