Skipton reach £1.5 billion milestone

Skipton reach £1.5 billion milestone

19th September 2018

Skipton International are celebrating the continued growth of the bank, having reached £1.5 billion of assets, marking the strength of its Channel Islands operations.

Jim Coupe, Managing Director of Skipton, said: “Reporting assets of £1.5 billion is a great indicator to our customers of Skipton’s strong position. We are maintaining sustainable growth of our mortgage lending in the Channel Islands and diversifying our proposition into the UK Expat Mortgages.

“Our vision is to be the most recommended bank in the Channel Islands. Consistent levels of superior customer service alongside competitive products has got us to where we are today. It’s all about listening to our customers’ needs and giving them what they want, leading to our second Feefo Gold award this year. We are looking forward to an exciting 2019, when we celebrate a special anniversary with customers and islanders.”

Skipton International is a bank owned by a building society, however, if it was classed as one it would rank as the 13th largest building society in the UK. This milestone comes a year before the award-winning bank is due to celebrate the 10th anniversary of the amalgamation of Skipton Guernsey and Scarborough Channel Islands.

The Channel Island bank provides a range of competitive mortgages, cementing its reputation as one of the leading Jersey lenders in 2017 when it opened its St Helier Mortgage Centre.  

Lorraine Mclean, Mortgage Sales Manager, Skipton Mortgage Centre said: “Having a mortgage office in St Helier has definitely made us much more visible for islanders. We are now very accessible, whether that is to pop in for a quick enquiry or to make an appointment to find the best mortgage for your circumstances. We feel very at home here and at the heart of the Jersey community.” 

Skipton International also offer a range of offshore savings accounts to individuals, businesses and trust companies directly through its banking team based in Guernsey, where the bank is registered and regulated. As such it is a participant in the Guernsey Banking Compensation Scheme.

At the beginning of the year Skipton International chose to further support the local community by launching the Skipton Community Fund. The pan-island charitable fund looks to provide grants to not-for-profit organisations for small projects that will enrich the community and the lives of those living across the Channel Islands. Companies such as the Jersey Youth Enquiry Service and the Citizen’s Advice Bureau have benefited to date, with the fund still welcoming applications.