Performance

2021 was another successful year for Skipton. Despite the challenges of Covid-related lockdowns across the world, mortgage and deposit growth continued, with strong profit performance maintained in a new record low base rate environment. Skipton delivered a profit before tax of £25.5m.

The mortgage book performed very well, with arrears in only 1.34 in 1,000 mortgages. Skipton’s mortgage team helped 1,393 new mortgage customers achieve their home owning aspirations during 2021 and saw mortgage balances increase across Guernsey, Jersey and the UK.

Our 2021 Results Pack are available on request. Please email info@skiptoninternational.com

Half Year Results Update June 2022 (Unaudited)

Annual Report & Financial Statements 2021

Financial Summary

The below graphs summarises Skipton International’s major assets and financial performance, demonstrating the solid, sustained growth of the bank.

Year / £m

2018

2019

2020

2021

Savings Balances

£1,524

£1,645

£1,936

£2,051 

Mortgage Balances

£1,310

£1,437

£1,598

£1,734 

Capital

£76

£86

£93

£98 

Total Assets

£1,605

£1,743

£2,058

£2,164 

 

Year / £m

2018

2019

2020

2021

Total Income

£26.8

£26.9

£28.5

£34.7 

Expenses

-£6.8

-£7.7

-£8.6

-£9.2 

Profit before income tax

£20.0

£21.2

£19.9

£25.5 

Income Tax

-£1.8

-£2.0

-£2.0

-£2.5 

Profit for the year

£18.2

£19.2

£17.9

£23.0 

 

Total Assets (£bn)

Mortgage Book (£bn)

Gross Mortgage Lending (£m)

Deposits (£bn)

Capital (£m)

Profit Before Tax (£m)