Graeme Hartop, Sam Dunne, Mark Plummer, Hannah Berridge. All images © Stewart Attwood Photography 2024. All other rights are reserved. Use in any other context is expressly prohibited without prior permission.

UK private bank Hampden & Co has seen demand grow significantly as deposits, lending and client numbers all grew by double-digits in H1 2024.

Total deposits across current, call, notice and term accounts grew by 15.8% year-on-year to £895m from £773m in H1 2023.

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Hampden & Co also witnessed lending increase by 20.4%year-on-year in H1 2024 to reach £555m (H1 2023 totalled £461m). This was attributed to strong support from mortgages.

h1 2024 hampden
Graeme Hartop, CEO, Hampden & Co. Credit: All images © Stewart Attwood Photography 2024.

In addition, client numbers grew by 15.2% year-on-year.

Furthermore, the bank registered a pre-tax profit of £4.2m, compared to £5.1m in the first half of 2023, reflecting the higher cost of deposits as demand for term deposits continued.

Total income for the first half of the year was £14.9m and balance sheet assets reached £1bn for the first time during the first half.

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Graeme Hartop, CEO, Hampden & Co, said: “Our results for the first half of 2024 reflect our reputation for personalised service and the value clients across the UK place on having a banker they can speak to.

“We continue to invest in the business, to add to and enhance the experience for clients. Apple Pay and Google Pay are recent additions and we will upgrade our digital banking service later in the year.”

In May 2024, Tracey Davidson was been appointed the new chief executive officer, CEO, of Hampden & Co.

She will succeed retiring Graeme Hartop, who held the position for a total of 11 years. When Hartop steps down in the autumn, Davidson will become part of the bank.

Davidson, who joined Handelsbanken UK in 2003 to grow the company’s banking activities in the UK, will be leaving her position as deputy CEO there.