Scottish private bank Hampden delivers £4.7m profit in strong first-half

Hampden Bank, the Edinburgh-headquartered private banking group, has hailed a strong first-half performance including a sharp rise in profits.

The bank said it had delivered growth in deposits, lending and profitability while maintaining high levels of client satisfaction and investing in people to support further progress.

The latest unaudited results reveal a profit before tax of £4.7 million for the six months to the end of June, an increase of 91 per cent on the same period a year earlier. Total deposits grew to just under £1.33 billion, up 36 per cent year-on-year, while loan balances increased 8 per cent to £661m.

Hampden Bank's Edinburgh HQ. Picture by Stewart Attwood

The bank said its latest client satisfaction survey also demonstrated the “continued strength of its relationship-led proposition”. Hampden Bank achieved a net promoter score (NPS) of 75, an overall client satisfaction score of 9.1 out of ten while continuing to retain more than 99 per cent of its clients.

During the first half of the year, the bank continued to invest in its long-term growth strategy. In June, it marked the official launch of its new north of England and Midlands base in Manchester, expanding its regional presence and creating a dedicated hub to support clients across the area.

The bank also strengthened its leadership team through a number of senior appointments, including Chris Williamson as head of data and Liz Wilde as head of product and proposition.

Chief executive Tracey Davidson said: “We are particularly encouraged by our latest client satisfaction results. An NPS of 75, a client satisfaction score of 9.1 out of ten and a retention rate of more than 99 per cent demonstrate the value clients place on a relationship-led approach to banking and the dedication of our colleagues across the UK.

“Alongside this performance, we continue to invest in the future of the bank. The establishment of a team for the north and Midlands and the addition of experienced leaders across business development, data, product and marketing strengthen our capability as we build on our growth trajectory and continue to support clients across the UK.”

Chief financial officer Jonathan Peake said: “The first half of 2026 has been another period of strong performance for Hampden Bank. We have continued to grow deposits and lending while delivering a significant increase in profitability, reflecting the strength of our business model and the trust our clients place in us.”

Bosses said the bank had entered the second half of the year “well positioned to deliver on its strategic ambitions”.

In April, Hampden Bank announced it had broken through £1bn of client deposits and grown its client base by more than 7 per cent.

The full-year figures showed that deposits at the bank increased to £1.12bn in the 12 months to December 31, 2025 - a rise of 13 per cent on 2024. Loans and advances were also up in 2025, at £640m, against £586m in the previous year.

Total income rose to £31.5m from £30.3m, though profit before tax at £7m was down marginally on the £8.2m posted in 2024 as a result of “organisational change, strategic investment and earlier than forecast falls in Bank of England base rates”.