Hampden & Co reports continued strong growth in 2019

Edinburgh-based private bank Hampden & Co has reported strong annual results for the year to 31st December 2019 with income up 36% to £8.7 million from £6.4m in 2018. 

Hampden & Co reports continued strong growth in 2019

Graeme Hartop, Hampden & Co’s CEO

The bank has also reported that client deposits have grown by 53% to reach £409.4m (2018: £267.5m) and client lending increased by 54% to £203.8m (2018: £132.5m).  

The lending figure of £203.8m includes £31m from the successful acquisition and transfer of Smith & Williamson’s loan book in December.



The strong business growth in both deposits and lending included an expansion into the mortgage intermediary market, particularly in relation to complex mortgages for high net worth individuals.

At the beginning of 2019 Hampden & Co launched its mobile digital banking app as a service to clients and in April, the bank’s cornerstone shareholders invested £9.8m to support continued growth and to meet ongoing costs and regulatory requirements.

The bank actively hired throughout the year, including the appointment of chief commercial officer Andrew Bell who joined from Aegon Asset Management in September, strengthening its service to clients across the UK.

Since the coronavirus outbreak, Hampden & Co has been working closely with clients to mitigate the impact of COVID-19 as the wider banking sector feels the strain of the outbreak.

In particular, Hampden & Co’s team is supporting clients around liquidity and the refinancing of loans, while experiencing an upswing in new clients who are migrating accounts and loans from other banks.

Graeme Hartop, Hampden & Co’s CEO, said: “2019 represented the bank’s fourth year of trading and it was another strong year, both in terms of financial and operating performance, and delivery to clients. We strengthened the banking teams in Edinburgh and London while making a series of senior hires across the bank.

“Following a strong start to 2020, like many businesses and individuals across the UK we face challenging times in the face of the current health crisis. However, we feel fortunate to have experienced bankers who have been through previous economic crises who are able to help their clients through the current issues they face. Looking ahead, we are confident that our absolute client-first focus will continue to attract strong levels of new business.”

Alex Hammond-Chambers, Hampden & Co’s current chairman, added: “Hampden & Co has established itself as one of the most highly-rated banks in the UK private banking sector. Notwithstanding the current pandemic and related economic uncertainty ahead, it has a robust business model and client-first mentality that puts the bank in a strong position to continue its upward trajectory. Hampden & Co has an experienced and agile team which continues to deliver a high-quality service to a growing client base.“

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